It certainly puts the spotlight on (Amazon) because now they're really the last one standing in terms of Big Tech not paying a dividend," said Nicholas Colas, cofounder of DataTrek Research.
"Dividends are representations of earnings power. So the fact that the rest of Big Tech has now decided to be able to exhibit earnings power and growth in earnings power with a dividend, that leaves them very much isolated versus the rest of the group," Colas said.
"They could reasonably say, 'OK, the bigger players like Google, like Meta, have instated a dividend, we can do that as well,'" said David Katz, chief investment officer of Matrix Asset Advisors.
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