Just curious, based on your posts I assume you're also protesting removal of lead from gasoline. Same junk science as global warming. Hate those whako tree huggers messing with our fuel supply. I swear, the lead hype is like a religion. Just like anthropogenic climate change.
If you read the article, it clearly talks about reinvesting the dividend and it therefore "compounds." And yes, this is over a long period of time. The "secret" is nothing more than the concept of how that value increases because of compounding interest over time.
Grandpa is referring to buy and hold for decades thru splits, cap appreciation and yearly dividend increases. Then your $2.76 yearly COP dividend approaches the cost basis of the original shares purchased.
thanks...that makes a bit more sense. but then in that case this article is kind of dumb...it's pointing out what would happen to any long-term shareholder's dividends if the company's pps steadily increased over the years.
anyway, thanks a lot for the info! you explained it very well!