TITLE

Stock Dividends are Lemons, Not Melons

AUTHOR(S)
SOSNICK, STEPHEN H.
PUB. DATE
January 1961
SOURCE
California Management Review;Winter61, Vol. 3 Issue 2, p61
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
While stock dividends sound glamorous and warm the hearts of uninformed investors, the truth is that they are a wasteful method of reducing surplus, beneficial perhaps, to marketwise insiders, but costly to stockholders and the firm that declares them. This article analyzes the cost of the average melon.
ACCESSION #
6517861

 

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