3 ms·

This might justify discounting dividends (eg reducing them by 20%), but not removing them entirely.

• nwiswell 4y ago
  Moreover the more modern approach is share repurchases, which are largely not subject to the tax drag and use the same money that was used historically for dividends.
  • ClumsyPilot 4y ago
    It is worth noting that until 1982, stock buybacks were illegal—deemed as market manipulation
    • joshlemer 4y ago
      And since a few years ago they are highly taxed in Canada.
    • coliveira 4y ago
      It is still market manipulation, but made legal by the US gov, like other crimes such as lobbying.