I prefer stock that pay dividend as that is a sure way I can get something back while holding and if for some reason or another directors stuff up the business you got compensation for part of your cash back via dividend payment…
plus you need cold hard cash to pay dividend so it less likely fall for creative accounting trick.
Capital appreciation is assure if business keep increase its market and profit regardless
if it pay dividend or not so I prefer it throws me some dividends.
There are other train of thought that said if the business generate something like ROE of 20%+ a year it better keeps all of its cash and reinvest in the business….but I been around this sound good in theory but most of the time management just waste the cash …so throw it to me via dividend so there is less opportunity for them to waste
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