There are many counterarguments to dividend worship, foremost among them the tax problem. Taxes, of course, eat into your return. But at least you've got a return. Besides, the idea isn't to load up a portfolio with stocks that pay dividends. The idea is to balance a portfolio with such stocks.
Some investors also believe dividend paying is a lousy use of resources for companies.
They believe a company that doesn't have better things to do with its profits than distribute them to stockholders are wasteful. If this be waste, I'm happy to collect it. News Jobs AP Shopping Archives Entertain.