But he said that as more baby boomers retired, many would demand higher dividends.
At the same time, the number of companies announcing higher dividends is on the rise.
Over the last six months, 568 companies announced higher dividends, 12 more than in the period a year earlier.
But it is not at all clear that high dividends have been damaging, in themselves.
As a result, most firms are talking about paying higher dividends.
The final screen looks for companies with high dividends.
For our enemies no man's life could pay a higher dividend.
It paid high dividends to its shareholders during peak times.
The stock split and higher dividend will be for shareholders of record on March 20.
But the need to pay high dividends limited the company's growth.