Several industries, such as shipping pay most of their profits as dividends, for good reasons. Shipping is cyclic, volatile and can grow no faster than international trading volume. So very little value to own without good dividends. Cutters in shipping and energy rightly lose half their value in a hurry.
Markets Punish Dividend Cutters [View article]
So very little value to own without good dividends. Cutters in shipping and energy rightly lose half their value in a hurry.