Canadian equities, for example, are offering the biggest payout ever relative to the S\u0026amp\u003BP 500. Read more from Martin Pelletier
and offering a paltry dividend yield of 0.5 per cent. Its cash reserves have also been greatly reduced, with net cash down to just 1.7 per cent of its market cap versus 28 per cent back in 2016.. Taking former Sun Microsystems Inc. chief executive Scott McNealy’s infamous quote and applying it to Nvidia, the company must pay you 400 per cent of revenues for 10 straight years in dividends in order to get a 40-year payback.
We find the lack of conviction about this tech rally a rather interesting dynamic, with the average monthly volume being 20 per cent lower than last year, with every month in 2023 being lower on a year-over-year basis, according to Barchart.com Inc. data. Retail Investors purchased US$1.5-billion worth of single stocks in the week ending June 20, an all-time record, and most of that capital went into just three names: Nvidia, Tesla Inc. and Apple.
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