> You can't just redistribute it as dividends, otherwise it's an admission that you won't grow and giving you more money would be a 0 sum game.
I don't understand the logic behind this.
I don't understand the logic behind this.
So essentially, they are not expected to be boring businesses yielding stable dividends to investors. That's your aristocrats stocks postioning: J&K, P&G, etc.
What is expected from tech stocks is the opposite: small to no dividend, reinvesting inflows into ever growing new businesses and technologies. A tech stock distributing dividends to shareholders instead of reinvesting in new projects would be seen as a mark of failure to innovate, incapacity to grow.
2025 Apple - 100 billion alphabet - 55 billion Meta - 45 billion
These are roughly 2-2.5% of market cap.