“This is fantastic news, not just for the Apple shareholders that had been agitating for the change, but also for the broader investing public,” Sizemore writes. “With $100 billion in cash sitting on the company’s balance sheet more or less inert, Apple was doing a real disservice to its long-term shareholders.”
Sizemore writes, “And herein lies a key point: long-term. The growing popularity of dividends in recent years may be the most positive development in the capital markets in my lifetime. It’s a return to a more sober, rigorous form of investing that favors stable, long-term returns. It takes away the casino gambling mentality and replaces it with something far more constructive.”
Read more in the full article here.