The essential investor takeaway from the recent Fed press conference is that bond yields are not about to climb higher at least until 2023, which gives companies a meaningful amount of time to load up on cheap debt. Moreover, though the OECD lifted the economic outlook for 2020, it also emphasized that the accommodative policy from central banks (put another way, low rates) will be necessary to prop up the recovery.
Thus, as minuscule or even sub-zero coupons make investors seek alternative income options, the importance of dividends in creating a meaningful and scalable income