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Commercials on Russian television promised fat dividends, promises that turned out to be empty.
From the fat dividends and capital gains, the new black tycoons were expected to repay their loans.
Utility funds once delivered slow, steady growth by investing in government-regulated electricity, natural gas, water and telephone service companies with fat dividends.
Sometimes within just a year of acquiring a company, they issued debt that was used to pay fat dividends to the funds themselves.
The biggest sales gains among stock funds were in growth-and-income funds, which combine fat dividends with the goal of capital appreciation.
In little more than a decade, BP grew from a middleweight into the industry's second-largest company, behind only Exxon Mobil, with soaring profits, fat dividends and a share price to match.
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He also likes a fat dividend yield.
Warren Buffett was preparing to invest $5 billion in Goldman Sachs in return for a fat dividend.
"We long have been wary of the quality of HCA's revenue and Ebitda," Ms. Bryan said, using the shorthand for earnings before interest, taxes, depreciation and amortization, "and now the payout of a fat dividend has slashed the odds that HCA will launch an I.P.O.
Plus, they pick up a fat dividend yield of 7.4%.
Find a company with a fat dividend, and youve probably got a dinosaur.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com