Coals to Newcastle?

Bringing coals to Newcastle. That’s what suggesting to UK readers that large, successful businesses would naturally distribute profits above their investment needs–that is, pay dividends–amounts to. It’s not really necessary to state it.

Still, I’m grateful to Alex Newman /Investors’ Chronicle for the warm reception of the Ownership Dividend argument that the practice will be making a comeback in the US.

Pierogies to Pittsburgh, anyone?