Value Investing News

During the 1982-2000 secular bull market, investors were looking for quick capital gains in hot growth sectors. Dividend stocks were viewed as something that is appealing to older investors. As stock prices rose to the stratosphere dividend yields on the S&P 500 fell to as low as 1%, which left long-term investors with a smaller cushion against market declines.
With the 2003 lowering of taxation on dividends, income-producing companies have been in vogue with investors. There are many reasons why dividend stocks are superior to non-dividend stocks.

• http://www.dividendgrowthinvestor.com/2009/02/dividend-edge.html (25)