Before the div taxation policy came into force, the div income was significant for me. And I put it out that, one does not have infinite amount of cash to buy the dip, timing, technical trading etc. At any given point, my stock notional gains are just that, notional. However, a dividend is credited to my account which I use to buy stocks even in low quantities.
I suspect, most are put off by the low dividend amount initially as it was for me, 10 years back. Now, coal India/HZinc cutting a div of 3K to 4K as interim makes it a thoughtless buy of 2 shares of HDFC or Reliance.
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