Unlike the situation in the United States and Europe, New Zealand companies more often than not pay out a significant proportion of their earnings as dividends. Consequently, investing in New Zealand feels rather like the “good old days” for many international investors.  Investing long term for the dividend income used to be the predominant reason that international investors got involved in shares. But around 1970 the focus became capital growth, a focus that has remained predominant internationally to this day. One of the good things about New Zealand shares is that paying out a high proportion of earnings to investors […]