‘Dividends are a good way to check if CEOs are too optimistic’: Daniel Peris of Federated Hermes

In the latest episode of the IC Interviews podcast, Daniel Peris, a senior portfolio manager at Federated Hermes, discusses his new book, The Ownership Dividend, with IC associate editor Alex Newman.
The two discuss the backstory of The Ownership Dividend (what happens when interest rates go down for 40 years and what happens to investors when that stops?), the ephemeral nature of corporate dividends, dividends in the US and Meta, before turning to the UK and a look at Shell.
Listen to our podcasts: www.investorschronicle.co.uk/...
Follow us on Twitter: / ichronicle
Follow us on Instagram: / investorschronicle
2:01 Why dividends are unloved and how we got here
5:19 Thread of book: What happens when interest rates go down for 40 years and what happens to investors when that stops?
5:57 How do interest rates and de-globalistation support his thesis
12:09 Corporate dividends
15:15 Has technology changed the structure of business ownership
19:27 Stock-based compensation
23:52 Does America’s tax treatment of dividends need to change
27:54 Is a company without the capacity to find a higher return worth owning
31:46 The psychological need for price rises
34:37 Meta
38:07 Turning to the UK
40:15 Shell

[@aknevv]

Kudos to IC for presenting this very interesting and timely discussion. Opened my eyes. Thank you ❤

[@AuditorInvestor]

The boards should be forced to pay out dividends. Buffett's hypocrisy on this isn't called out enough - smaller investors live on dividends, they can't wait five years to sell at opportune times. Meanwhile Buffett gets MONTHLY checks from his controlled businesses - real Houdini PR he pulled off there. Good guests, keep it up.

[@runabath]

A lot of time CEO feel like they need to pay out even in a lot of dept they are in