Anti-Dividend Investing: Yield Matters—But Not How You Think!

Anti-Dividend Investing: Yield Matters—But Not How You Think!

Dividends are the comfort food of investing. Who wouldn’t love feeling like they’re getting a seemingly “free” payout just for holding onto a stock? As with all good things, there's a little more—perhaps a whole lot more—to the story. Here’s why: even in a tax-free setting, selling stocks before dividend payouts can lead to abnormal returns. Anti-Dividend Investing: Yield Matters—But Not How You Think! was originally published at Alpha Architect…