I mean it's completely wrong though as you still have shares in the company after getting paid. A very good rule of thumb is: if someone's mentions dividends w

I mean it's completely wrong though as you still have shares in the company after getting paid. A very good rule of thumb is: if someone's mentions dividends when discussing valuation they are clueless. It doesn't always work (paying high dividends has implications ranging from clueless management to political pressure on the company) but it's a very good rule that the argument is nonsense.