Archive for the ‘The Myth of the Earnings Yield’ Category

The Myth of the Earnings Yield

The Myth of the Earnings Yield
By Sam Vaknin, Ph.D.
A very slim minority of firms distribute dividends. This truism has revolutionary implications. In the absence of dividends, the foundation of most – if not all – of the financial theories we employ in order to determine the value of shares, is falsified. These theories rely on [...]

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