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> Most shares are non-voting, and don't pay dividends. 80% of S&P 500 companies pay a dividend [0] and non-voting shares are actually very rare. In fact, Snap
by mrep 6y ago
> Most shares are non-voting, and don't pay dividends.
80% of S&P 500 companies pay a dividend [0] and non-voting shares are actually very rare. In fact, Snap even wrote in its IPO paperwork that "to our knowledge, no other company has completed an initial public offering of non-voting stock on a U.S. stock exchange" [1].
[0]: https://www.forbes.com/sites/investor/2019/11/20/20-bargain-sp-500-stocks-gushing-dividends/#7b905bd76826 https://www.forbes.com/sites/investor/2019/11/20/20-bargain-...
[1]: https://www.vox.com/2017/2/21/14670314/snap-ipo-stock-voting-structure https://www.vox.com/2017/2/21/14670314/snap-ipo-stock-voting...