RE: Ex Dividend tomorrow23 Nov 2023 10:05
This dividend malarkey is clearly pointless. What's the purpose of it if you lose the same or more than the dividend, in capital. With the SP hovering around 25 year lows, the dividend, to be paid in February, is of little comfort. No wonder most US companies don't bother with dividends and look how much more successful the NASDAQ/Dow/S&P is compared to our dreary FTSE. Maybe there's a case here for suspending future dividends to concentrate on capital growth. I mean the SP barely went up in the run up to today so clearly the prospect of a substantial dividend was not overly attractive to potential investors.