[ddorian43]

Dividends are taxed. At the end of the day, you have to calculate your total return. And with dividends it's lower. Not worth it.

[mettamage]

And for the countries in which they aren't differently taxed than stock appreciation gains?

[ddorian43]

What's your exact tax rate for dividends and stock gain?

[mettamage]

1% flat tax on all of our money or anything that's worth money (more or less).

15% dividend pre-tax, but we get that back in the form of reduced wage tax.

[ddorian43]

Seems like NL. Do you need the income from dividends? If not, the "growth" sectors have more total growth compared to dividend stocks/etfs.

Note that dividends are also taxed at the company level. So Apple pays USA 15% and then you also get taxed your 15% pre-tax. This doesn't happen when not distributing the dividend.