Dividend Delights and the Daring Investor

In a rather scholarly little treatise titled The Power of Dividends: Past, Present, and Future, the gentlemen of Hartford Funds and Ned Davis Research-two institutions as reputable as the Bank of England-conducted a most meticulous study of dividend-paying stocks versus their non-paying counterparts over a period of fifty-one years. Their conclusion? That dividend stocks, like a well-brewed pot of Earl Grey, outperformed their rivals by a margin of 9.2% annually to 4.31%, while also exhibiting less volatility than the S&P 500. A most impressive feat, though one might wonder if the researchers had perhaps been indulging in a spot of brandy when they penned their findings.





