At this year’s London Value Investor Conference, Ian Mortimer and Matthew Page from Guinness Global Investors outlined why Guinness is a committed dividend investor and highlighted one of their favorite income holdings.
In a presentation titled “Why dividends still matter,” the speakers noted historically, in periods of low economic growth, dividends have provided a more significant proportion of total returns than capital growth.
Moreover, over the long term, dividends tend to be more predictable than earnings.
Q1 2023 hedge fund letters, conferences and more
The fund manager’s research shows that in periods of low economic growth, notably in the 1940s and...
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