The Ownership Dividend: The Coming Paradigm Shift in the U.S. Stock Market

The Ownership Dividend explains how and why the stock market drifted away from a mostly cash-based returns system to one almost completely driven by near-term share price movements, and why the exceptional forces behind that shift are now exhausted. It is a must-read book for financial advisors, institutional consultants, and engaged individual investors.

Format: Hardback
Length: 176 pages
Publication date: 31 January 2024
Publisher: Taylor & Francis Ltd

We are on the cusp of a significant shift in the investment landscape for U.S. stock market investors. For over three decades, dividend-focused stock investing has been declining in popularity, once the dominant investment style. However, that is about to change.

The Ownership Dividend delves into the reasons behind the shift from a cash-based returns system to one heavily driven by near-term share price movements. It explains why the exceptional forces that propelled this change, such as the 40-year drop in interest rates and the rise of buybacks, have largely dissipated. As a result, the U.S. market is poised for a return to the more business-like relationships typically observed in the private sector and other mature markets worldwide.

While many market participants have benefited from and grown accustomed to the recent dynamics, astute individual investors, financial advisors, and institutional portfolio managers will want to position themselves to capitalize on the reversion to cash-based investment relationships in the years to come.

This book is a must-read for financial advisors, institutional consultants, and engaged individual investors who are seeking to navigate the evolving investment landscape and maximize their returns.

Weight: 503g
Dimension: 198 x 129 (mm)
ISBN-13: 9781032270524