The prime purpose of a business corporation is to pay dividends

“ The prime purpose of a business corporation is to pay dividends regularly and, presumably, to increase the rate as time goes on.” 

— Benjamin Graham, Security Analysis, 1934

 

 

"... (The true investor) will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies." 

‐ Benjamin Graham World Commodities and World Currencies, 1944, p. 42