RT Journal Article SR Electronic T1 Is Dividend Policy Still Irrelevant? JF The Journal of Wealth Management FD Institutional Investor Journals SP 61 OP 66 DO 10.3905/jwm.2003.320491 VO 6 IS 3 A1 Oliver Campbell YR 2003 UL https://pm-research.com/content/6/3/61.abstract AB Professional press has lately seen a resurgence of advocacy for dividends and their importance for investors. Why is there renewed advocacy when dividend policy has been an area of finance that has been heavily investigated and researched? This article explores the dividend issue against the backdrop of the change in the 2003 tax law for taxable equity investors, dividend paying propensity of S&P 500 companies, and the research of leading academics. In the end, the author concludes that dividends play only a modest, supporting role for valuation.