These are very good and valid questions to ask. As someone tracking dividend growth, have a slightly broader view of this (not getting into why they raised capital etc.). While its fine to debate why they went for capital raising, i see it as a positive signal that they are giving dividends. Will have to see whether its a short term thing or a sustained company policy
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Dividends keep a company honest and accountable on efficient deployment of capital. Pro dividend companies are generally more shareholder friendly and deploy their capital efficiently and not chase growth for the sake of growth
You can read more about it here
How Dividends Keep Companies Honest and Investors Wealthy -
Aptus is not the first Financial co that came with an IPO and started distributing dividends. HDFC Bank is another example. HDFC Bank’s IPO was in 1995. They gave their first dividend in 1996. They could have very well utilized that for growth however it is something in the DNA of the firm
Dividend History
I am not suggesting Aptus is the next HDFC bank and of course there is a difference, one is a bank with deposits while other is a NBFC. Even the parent firm HDFC was dividend friendly
Net net i see it as a positive provided they continue with the dividend policy. (PS: Just a limited biased view, others viewpoints may be equally valid and make sense)
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