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MONDAY MULTIPLE

Are dividends good?

Cash in the hand might be superior to uncertain profits in the bush

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A company that pays most of its profits as dividends is considered a mature company which cannot grow much any more.

IN an age dominated by the "D" word, such as digitalisation and disruption, brick-and-mortar businesses seem almost quaint. Yet these businesses tend to have cash flows, and investing in them can be magical with another "D" - dividends.

This week, we touch on one of the oldest debates in

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