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If paying dividends became the norm, companies would have to subject more investment plans to market scrutiny, which, by and large, would be a good thing. Read our bylaws, publishing policy, privacy policy. The Onion is not intended for readers under 18 years of age. You did not meet either or both of the holding period requirement. So, let's discuss these issues in a bit more detail, starting with stock splits. Stocks tend to have most of their payout in the form of capital gains, which are taxed relatively lightly.
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