Dividends have historically been a large part of total stock returns and represent real earnings. Low interest rates have created a cult of dividend-paying companies, and some companies have had to borrow money to pay out dividends even if it isn’t in their best interest.
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Exxon Mobil
General Electric’s collapse taught investors a lesson: buying a company based on past reputation and dividend yield is risky. ExxonMobil, another formerly respected American icon, has been in self-liquidation for the past 10 years.
A very interesting cover story article in BusinessWeek about Exxon Mobil (XOM). I am usually skeptical of cover story articles, especially from BusinessWeek as in the past they’ve been contrarian…
A basic property of religion is that the believer takes a leap of faith: to believe without expecting proof. Often you find this characteristic of religion in other, more unexpected…