No. of Recommendations: 18
Well, I can't tell you how many retirees I talk to that love their dividend portfolio because "that way I'm not touching my nest egg".
There's something psychological about selling shares for cash. So, they'd rather get less in dividends than a higher share price.
That makes for an even more interesting question.
"Given the fact that every $1 of retained earnings has been providing much more than $1 in share value, and given the fact that shareholders have overwhelming voted against receiving dividends, but cognizant of the fact that some retirees prefer dividends despite their disadvantages, do you intend to follow the rational wishes of the majority of shareholders and continue not paying a dividend, or do you intend to heed the irrational wishes of a minority of shareholders and pay one?"
