Klaus Vedfelt Many investors, who have not reached their retirement age or are in early retirement years tend to focus not only on extracting attractive yield, but also capturing some element of growth both on the current income and portfolio appreciation front. In theory this makes sense as the longer the time horizon is, the higher the potential to benefit from the compounding magic that would come from consistently growing dividends at, say, ~ 10% each year. In such situation sacrificing initial divi ...