Michael Murray: When it comes to dividends, there is a lot to consider beyond the yield
People’s attitudes to dividends will often be influenced, too, by the stage they are at in their life
For some equity investors, the dividend payment can be the be-all and end-all. They need income. They have an aversion to selling shares to release capital. That can be due to a feeling of insecurity, a fear of depleting their stock of wealth – or their perception of what their stock of wealth is.
It can also be because, for sentiment or political reasons, they will just take the dividends and sit on ...
