
- 176 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
We are on the verge of a major paradigm shift for investors in the U.S. stock market. Dividend-focused stock investing has been receding in popularity for more than three decades in the U.S.; once the dominant investment style, it is now a boutique approach. That is about to change.
The Ownership Dividend explains how and why the stock market drifted away from a mostly cash-based returns system to one almost completely driven by near-term share price movements. It details why the exceptional forces behind that shift—notably the 40-year drop in interest rates and the rise of buybacks—are now substantially exhausted. As a result, the U.S. market is poised for a return to the more typical business-like relationships observed in the private sector and in other mature markets around the world. While many market participants have profited from and become used to the way things have been in recent decades, savvy individual investors, financial advisors, and even institutional portfolio managers will want to position themselves to benefit from the reversion to cash-based investment relationships in the years ahead.
This is a must-read book for financial advisors, institutional consultants, as well as engaged individual investors.
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Information
Table of contents
- Cover
- Endorsements
- Half Title
- Title
- Copyright
- Contents
- Preface
- Introduction
- 1 Raising Capital, Earning Profits, Paying Dividends
- 2 Fallacy or Philosophy: Academic Finance’s Big, 60-Year War on Dividends
- 3 The Changing Environment for Business Ownership in the U.S. Stock Market
- 4 Being a Dividend Investor in a Stock Market: The Current Investment Framework
- 5 The Investment Industry’s “Truth” Versus Your Very Personal “Clarity”
- 6 An Academic Rebuttal
- 7 A New Investing Reality
- 8 A New Counting Reality
- 9 The Political Economy of Sustainability
- 10 What to Look for in the Next Decade
- Conclusion
- Bibliography
- Acknowledgments
- Index