Many people labor under the delusion that dividends are no longer important. That's simply wrong. Over the past 20 years, dividends - and the reinvestment of those dividends - accounted for 32 percent of the total return from stocks. And this in a time when many investors scorned dividends as obsolete! Over the previous 50 years (Sept. 30, 1937, through Sept. 30, 1997), dividends directly...
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