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So, you're not betting on the company doing better or worse generally, but if it does badly, you might lose your dividend for a while.
Dare to sacrifice a dividend for a development initiative, one that eyes the challenges of the years ahead, not just the weeks.
Industrial shares led the gainers, with General Electric up more than 3 percent after it raised its dividend for a second time this year.
Some mining companies, such as Rio Tinto and Glencore, are on double-digit yields, while Anglo American, which has suspended its dividend for a year at least, is technically on a 25 per cent yield.
Among options being considered by board members, BP officials say, is suspending or cutting the dividend for a quarter, paying the dividend in shares of stock, or issuing an i.o.u. for delayed payment.
And while J.P. Morgan Chase did not raise its $1.36 annual dividend (for a yield of 3.7percentt) when it announced its earnings yesterday, it did make another move to use some of its cash to help the share price -- a stock buyback totaling $6 billion.
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Frontline is up 61% in the past year and pays a $10 annual dividend for an astronomical 23% yield.
Bank of America shareholders can thank the big dividend for an 82% total return since its merger, still small compared with 217% for Citigroup.
Chancellor Angela Merkel is right to say that, aside from Germany's humanitarian obligations, the Syrian refugees also represent a demographic dividend for an aging Germany.
Many elderly investors rely on dividends for a good chunk of their retirement income.
"It will pay dividends for a long time to come," Mr. Reed said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com