OhNoNotimAgain wrote:Dividends are inflation proofed as company's product prices, and usually profits and dividends, rise with inflation.
Yes, the total return partly reflects inflation, but there is no reason to deflate capital but not dividends with that effect.
You are trying to have your cake and eat it too, and we're not falling for it. Dividends provide about 40% of total returns. Moreover there is no evidence that total return is correlated to dividend yield. If there was then a share yielding 8% would give the highest return and one yielding 0% would give the lowest.