Of course. It's natural for a company to turn from growth into paying dividends. Growth is obviously created by reinvesting into the business (e.g. marketing to increase market share, M&A activities, expanding into new territories etc). Naturally there comes a point where there aren't many positive NPV projects to spend money on, so cash is distributed to shareholders via dividends.
Personally I hope this doesn't happen for 10+ years because I feel like there is plenty of opportunities to reinvest into the business.
APT Price at posting:
$146.19 Sentiment: Hold Disclosure: Held
