Cash is Fact. All else is an opinion

Main stream financial media increasingly reports that dividend paying stocks provide superior returns over some very long time frames (read ten years and more). Quelle surprise. It is impossible to argue with cash. Can the company pay the dividend; yes or no.
Dividends uncomplicate disclosure and governance issues. Many growth strategies are castles in the sky and near impossible to sustain. Management desparate to maintain grand illusions resorts to complex empire building strategems. Truth is frequently the first casualty of war. Disclosure also suffers the same.
As the baby boomers age they will need income, either directly or from their pension plans. That means reliable dividends. Tomorrow I will write about the Financial Signature of many CEO's and how it may affect your dividends.