“Apple made headlines this week by announcing that, at long last, the company would start paying a dividend,” Charles Sizemore writes for MarketWatch.

“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.