It is quite unreasonable for investors to expect both High Growth AND High Dividends???

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He makes a serious point about dividends - I've written about it before, but a factor I missed was about how profits reinvested are usually ultimately used in development of the business.

SEE ALSO: How I got an 9% dividend every year - and why I gave it up 

In fact, that's kind of the purpose of why a company would sell its shares in the first place. 

Aside from the reasons why a high dividend can be unsustainable as written above, it stands to reason that a company has to keep developing at the rate of its profit payout - or it starts to go into major decline. 

In other words, a stock that pays out high dividends often compromises growth to a certain degree. 

It is quite unreasonable for investors to expect both High Growth AND High Dividends. 

That's likely why not a lot of stocks - including REITs, have succeeded in paying out high dividends over a 5 - 10 year period without having some kind of growth kick in the face. 

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Uncle8888's comment to the above

High dividend yield is very personal to the holders of that stocks depending on their Entry price and future company earning growth and dividend payout ratio across economics and company life cycles

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