re: Some common myths about the markets that are untrue and/or 99% do not know

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Anything to back that up?

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LINK

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For an average holding period of 1 year, dividends accounted for 27% of total returns for the S&P500 since 1940. If we increase the holding period to 3 years, dividends account for 38%, 5 years it increases to 42%, over a 10 year period it rises to 48%, and with a 20 year holding period dividends account for some 60% of total returns. It is important to note, too, that here we are just looking at the S&P500 as a whole and not focusing purely on companies that actually pay a dividend. If we did, we think these results would likely be even more striking.”

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Additionally, it’s disingenuous to complain about dividend payers being a simple return of capital and not on capital without acknowledging how large share buybacks have become.

Nearly every major non-dividend payer has bought back stock, which is essentially the same logic.