Tag Archives: buy-backs

WSJ Misinterprets Its Own Data to Demonstrate Companies Are Spending Too Little on Capex, too much on Dividends & Buy-backs

To its credit, the WSJ did some serious quantitative work in an effort to determine whether Blackrock’s Larry Fink is correct that companies are paying out too much money to shareholders while starving capital investment. Fink is right, the Journal … Continue reading

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Off the Dividend Cliff?

Focus on the recession risk posed by the “Fiscal Cliff” has diverted attention from a the Dividend Cliff written into current law.  Prior to 2003 dividends were taxed as ordinary income at a taxpayer’s marginal income tax rate—far above the … Continue reading

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