If stockholders desire dividends why do some firms such as


A column in the Wall Street Journal observes that "while many people buy stocks in the hope of scoring profits down the road, dividends deliver cash right now."

If stockholders desire dividends, why do some firms, such as Apple, pay no dividends, while even those firms that do pay dividends rarely have dividend yields above 2%?

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Finance Basics: If stockholders desire dividends why do some firms such as
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