CCME - I agree with your calculation and seeing it at face value is what made me think a little more about it and also wondering what others thought about it. So I wasnt stating anything towards you(not sure if you took it that way, but just in case).
There are a lot of positives of a dividend. Unless, the dividend is huge, I personally do not care about the recieving of the dividend on a stock, but I like dividends for this sector because it makes shorts think a little more before going short as they are required to pay the div, it shows that a company values the shareholders, it should help volatility as investors are more likely to hold through small downturns knowing they are receiving something, it is actual cash being paid out by the company and shows they are able to payout to investors, it attracts other types of investors. I think in this space, a dividend can have more of a positive effect than in any other. I understand some may not be able to as they are china small caps and still growing, but if a company has a good amount of cash, little debt, and can still fund growth, a dividend is great.
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