This is wrong. All stock prices are supply and demand. Dividends are simply taking money from one pocket, the company you own shares, and putting into another, your bank account.
What matters is that the company is capable of making cash and, ideally, of increasing that amount of cash with time. Dividends are just a capital allocation decision.
What matters is that the company is capable of making cash and, ideally, of increasing that amount of cash with time. Dividends are just a capital allocation decision.