Dividends don’t mind the weather or the seasons, the political climate, the stress level of whoever owns them, the family structure of their owners, the traffic on my commute, the neighbor’s barking dog, the amount of junk mail or junk texts I may receive.
Nothing gets in the way of dividends.
(To be sure, things can vary. A cataclysmic military defeat might destroy things, a severe financial collapse would hinder business as we know it. I am assuming these things won’t happen.)
In general, dividends just keep on churning out. They don’t care whether I am happy or sad, depressed or elated, bored or excited, kind or rude, or anything else. This is their strength.
No one decides to give me dividends based on anything about me other than I own them. There is no Santa Clause deciding to let me have my dividends because I was a nice guy. There is no Santa Clause deciding to withhold my dividends because I was not a nice guy.
No one is deciding to let me have my dividends because of the brand of cell phone I own. The model of car I drive has no bearing on receiving my dividends. The state I live is is irrelevant. Whether I own or rent is of no matter to receiving my dividends.
Dividends Are For A Lifetime
There are few things that could curtail dividends. If I sell the stock, that ends the dividends. If a company whose stock I own gets acquired for cash or dissolves, that ends the dividends. Not much else.
More Than A Lifetime
Dividend stocks can outlast anyone’s lifetime. They become an inheritance when the owner dies. So dividend stocks can benefit multiple generations. This is one of the few ways to inter-generational wealth.
Some years ago I read a blog post (the blog is no longer online) in which the headline was “Be the person you wished your grandfather had been.” It pointed out how a small investment can, over many years, be transformed into a mountain of wealth. This brings to mind a saying, known in many forms, about an old man who plants trees knowing he will never sit under their shade.
About The Presidential Election Results
Winston Churchill was purported to have once said (I am paraphrasing here): “America will always do the right thing, after exhausting all other alternatives.”
Well, it seems we are into one of those “other alternatives” phases.
What’s on your mind? Let me know here.
The illustration is from “The Animal in Decorative Art” (“Das Thier in der Dekorativen Kunst”) by Anton Seder, in 1896. Courtesy Getty Research Institute.
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