π
On This Day
Amazon's Garage Origin Began With Books, Not Dividends
On July 5, 1994, Jeff Bezos incorporated a company called Cadabra in Bellevue, Washington β a name quickly changed to Amazon after a lawyer misheard it as 'cadaver.' Amazon went public in 1997 at $18 a share and has spent decades reinvesting every dollar into growth rather than returning cash to shareholders. As of the mid-2020s, Amazon still pays no dividend, even as its cash generation quietly invites the question.
Thirty-two years on, Amazon's no-dividend philosophy remains one of the market's most deliberate β and watched β silences.
AMZN — AMZN
πΊπΈ US
Source: Wikipedia; The Wall Street Journal
π
On This Day
Amazon's Garage Origin Began With Books, Not Dividends
On July 5, 1994, Jeff Bezos incorporated a company called Cadabra in Bellevue, Washington β a name quickly changed to Amazon after a lawyer misheard it as 'cadaver.' Amazon went public in 1997 at $18 a share and has spent decades reinvesting every dollar into growth rather than returning cash to shareholders. As of the mid-2020s, Amazon still pays no dividend, even as its cash generation quietly invites the question.
Thirty-two years on, Amazon's no-dividend philosophy remains one of the market's most deliberate β and watched β silences.
AMZN — 1X AMZN
πΊπΈ US
Source: Wikipedia; The Wall Street Journal
π
On This Day
Amazon's Garage Origin Began With Books, Not Dividends
On July 5, 1994, Jeff Bezos incorporated a company called Cadabra in Bellevue, Washington β a name quickly changed to Amazon after a lawyer misheard it as 'cadaver.' Amazon went public in 1997 at $18 a share and has spent decades reinvesting every dollar into growth rather than returning cash to shareholders. As of the mid-2020s, Amazon still pays no dividend, even as its cash generation quietly invites the question.
Thirty-two years on, Amazon's no-dividend philosophy remains one of the market's most deliberate β and watched β silences.
AMZN — Amazon.com CDR (CAD Hedged)
πΊπΈ US
Source: Wikipedia; The Wall Street Journal
π
On This Day
Amazon's Garage Origin Began With Books, Not Dividends
On July 5, 1994, Jeff Bezos incorporated a company called Cadabra in Bellevue, Washington β a name quickly changed to Amazon after a lawyer misheard it as 'cadaver.' Amazon went public in 1997 at $18 a share and has spent decades reinvesting every dollar into growth rather than returning cash to shareholders. As of the mid-2020s, Amazon still pays no dividend, even as its cash generation quietly invites the question.
Thirty-two years on, Amazon's no-dividend philosophy remains one of the market's most deliberate β and watched β silences.
AMZN — Amazon.com Inc
πΊπΈ US
Source: Wikipedia; The Wall Street Journal
π Around the World
Germany Pays Dividends Once a Year β One Big Spring Moment
Germany runs on a once-a-year dividend rhythm, with most companies distributing a single payment shortly after their annual general meeting each spring. For investors used to quarterly deposits, a German dividend can feel like a long wait rewarded all at once. Storied names like Siemens, BASF, and Allianz β each founded in the 1800s β have long followed this patient, annual tradition.
Munich Re is often cited for a strong postwar record of never reducing its dividend β a point of quiet German pride.
π©πͺ DE
Source: Deutsche BΓΆrse; company investor relations
π₯ Dividend Streak
Stanley Black & Decker's 58-Year Streak Shows Signs of Strain
Stanley Black & Decker has raised its dividend every year since 1967 β a record that commands genuine respect. But the picture has grown complicated: after pandemic supply-chain losses, the company launched a $2 billion cost-cutting program even as its dividend payout still exceeds reported earnings. When the payout ratio tops 100%, each raise is funded by the balance sheet, not the business β and that is a distinction worth watching.
A long streak is a testament to discipline, but it can also become a promise too expensive to keep.
SWK — Stanley Black & Decker Inc
Source: https://wealthyretirement.com/safety-net/can-stanley-black-decker-swk-keep-its-dividend-streak-alive/
π‘ Did You Know
Japanese Shareholders Receive Soy Sauce, Sausages, and Train Tickets
Japan has a cherished tradition called yΕ«tai β shareholder benefit programs where companies send physical gifts alongside, or instead of, cash dividends. Kikkoman ships premium soy sauce, Nippon Ham delivers boxes of meat, Kagome sends tomato juice, and airlines like ANA offer free travel tickets. By some estimates, more than 1,500 Japanese companies offer yΕ«tai, and a secondary market exists where investors buy and sell shares purely to harvest the perks.
In Japan, the line between being a shareholder and being a loyal customer can delightfully blur.
π―π΅ JP
Source: Japan Exchange Group; Nikkei Asia