The Irrelevance of Dividends











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Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p • 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 -    • Dividend Growth Investing   • Referenced in this video: • Dividend Policy, Growth, and the Valuation of Shares https://www2.bc.edu/thomas-chemmanur/... • A Five-Factor Asset Pricing Model https://papers.ssrn.com/sol3/papers.c... • Profitability, Growth, and Average Returns https://papers.ssrn.com/sol3/papers.c... • Catch up on the latest investing advice, insights and white papers here. • https://www.pwlcapital.com/teams/pass... • ------------------ • Follow me on • Twitter:   / benjaminwfelix   • LinkedIn:   / benjaminwfelix   • PWL Capital Blog Post: https://www.pwlcapital.com/the-irrele... • Follow PWL Capital on: • Twitter:   / pwlcapital   • Facebook:   / pwlcapital   • LinkedIn:   / pwl-capital   • You can find the Rational Reminder podcast that I co-host with Cameron Passmore on • Apple Podcasts: https://itunes.apple.com/ca/podcast/t... • Google Podcasts: https://www.google.com/podcasts?feed=... • Spotify Podcasts: https://open.spotify.com/show/6RHWTH9... • #investing #dividends #investors

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