But like most analysts, he does not see any negative portents for dividends yet.
These rules are different for special dividends over 25%.
Electric utility stocks were always known as good investments for dividends.
Those who want to avoid high taxes look for capital gains rather than dividends.
Adjusting the model for dividends did not significantly improve its performance.
The company will keep some of that but the rest may be available for dividends.
More recent experience shows an even more important role for dividends.
Of that, $452 million was made available for dividends.
"Profits are no longer high enough to pay for dividends at many companies."
In other words, they will have lost out on the lower tax rates for dividends and long-term capital gains.