Reuters: “Amazon.com may be feeling pressure to join the dividend club”
By datatrekresearch in IN THE NEWS
Excerpt from Reuters quoting DataTrek co-founder Nick Colas:
.... "That has left Amazon and Tesla as the only companies in the group that do not pay a dividend. Microsoft's payouts date back some 20 years, while Apple and Nvidia have been paying dividends for over a decade...
“It certainly puts the spotlight on (Amazon) because now they’re really the last one standing in terms of Big Tech not paying a dividend,” said Nicholas Colas, cofounder of DataTrek Research.
“Dividends are representations of earnings power. So the fact that the rest of Big Tech has now decided to be able to exhibit earnings power and growth in earnings power with a dividend, that leaves them very much isolated versus the rest of the group,” Colas said"....
Full article here on Reuters.
