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by bkyiuuMbF 1530 days ago
Combining capital growth and yield is quite standard across the industry for measuring total return. Yes the dividend is reflected in the share price (it doesn't grow as much as it might have if reinvested) but that's completely fine. Combine them to get the total return. Pretty normal.
1 comments

> Combining capital growth and yield is quite standard across the industry for measuring total return.

Yes it is, but that's not what the author of the article was doing. They were not looking at capital growth of the stock, they were looking at economy-wide growth. Those are entirely different things. As I said, you can have a stagnating economy with 0% year-on-year GDP growth, and at the same time, the average company within that economy will be turning a profit.