The DC Today - Monday, March 18, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 18 March 2024
⏱️ 13 minutes
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Summary
Today's Post - https://bahnsen.co/3x6BWVi
Ask David “Are tech stocks likely not going to be good dividend growth stocks for the foreseeable future? Given their reliance on good and expensive R&D to keep market share? Seems to be a no-brainer to me. Dividends and more meaningful dividend growth is seemingly better in other sectors. Or am I just underestimating the time it takes for dividends to grow?
What will happen to tech stocks if they have poor dividends and stock price growth flattens out? Where would the value for shareholders come from? Or am I missing something or am I just worrying unnecessarily?”
~ Nathan
Some tech companies will not pay a dividend, some will, some will grow it, and some will not. Technology is way too broad of a sector to answer in the context of monolithic treatment of dividends. What is constant where there are technology companies that pay consistent and growing dividends is that the company is mature, has recurring cash flows, and management that has exited the ego phase of corporate oversight. Value does not come from dividends – it comes from profits. The value of those profits is realized in dividends. If profits are not returned to shareholders but used to create more profits, that is where value creation could come from. Or, that is where value could be destroyed.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets. |
| 0:14.2 | Well, hello and welcome to the special Monday edition of DC today. The market is closed. I am here in New York City and I am going to walk |
| 0:23.3 | through with you as much as I can from today's written DC today. We'll see what time allows. |
| 0:30.2 | But it was kind of a long one. I had a lot to say and I'm kind of happy with how it turned out. |
| 0:35.3 | And there you go. So first of all, |
| 0:39.3 | check out Divided Cafe from Friday. |
| 0:41.6 | If you missed it, |
| 0:42.7 | love these dividend cafes that talk about dividends. |
| 0:46.9 | And obviously there's the video, |
| 0:48.8 | the podcast, |
| 0:49.5 | and the written version. |
| 0:51.1 | In the D.C. today, |
| 0:52.9 | today we have the links for a couple of the latest media clips |
| 0:59.2 | and things like that. We always try to keep those things updated. We put them on our YouTube |
| 1:04.2 | page. So just want to keep you abreast of all of the different things going on. In terms of market action today, after kind of a flat open in futures last night, |
| 1:16.9 | and then a rally pre-market this morning, the market open 100 points, got up as much as about 200, |
| 1:25.4 | and then zigged andagged down throughout the day. |
| 1:28.8 | It ended up closing up 75, 76 points. |
| 1:32.9 | So off of its highs, but still in positive territory. |
| 1:37.3 | S&P was up 63 basis points. |
| 1:39.5 | The NASDAQ was up 82 basis points. |
| 1:42.2 | So ongoing movement higher, even as bonds sold off a little bit, |
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