George Edwards

Investing in Dividend Paying Companies

This analysis is further proof, if any were needed, of the wisdom of buying solid companies and planning to hold them for a long time. A refinement of the technique would have been to assume all stocks had DRIPS plans, and you opted for them, which would have been the best pre-retirement strategy.

Mind you, not all of the DJIA stocks meet my personal quality criteria, so I would have been more selective. The same holds true today, for example GM. And there are other higher-quality stocks which are not on the DJIA list. Quality is the issue, and dividends are part of the definition of quality.