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Home>A Stock for its Dividends—Revisited

A Stock for its Dividends—Revisited

Perspectives Content Submission

Mon, 13 Feb 2012

“Earnings are only a means to an end, and the means should not be mistaken for the end. Therefore, we must say that a stock derives its value from its dividend, not its earnings. In short, a stock is worth only what you can get out of it. Even so spoke the old farmer to his son: A cow for her milk/
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