The Irrelevance of Dividends

Even in a stock-picking environment, there is no reason to believe that dividends, or the growth of dividends, would be an indication of a good stock to own.

This is a follow-up to my Dividend Growth Investing video - https://youtu.be/UpXI_Vd51dA

Referenced in this video:
Dividend Policy, Growth, and the Valuation of Shares https://www2.bc.edu/thomas-chemmanur/phdfincorp/MF891%20papers/MM%20dividend.pdf
A Five-Factor Asset Pricing Model https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287202
Profitability, Growth, and Average Returns https://papers.ssrn.com/sol3/papers.cfm?abstract_id=570343

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Видео The Irrelevance of Dividends канала Ben Felix