Let me explain this and see if I'm right If you buy 1 share of XYZ for $30 dollars with a 3% dividend or 1 share of XXX for $10 dollars with a 3 % dividend Now I'm thinking I will buy 3 shares of XXX at $10 that will give me now a 9 % dividend which is a better deal then 1 share of XYZ at $30 right? as I own 3 times more of a 3% stock My wife says no to her 3% is 3% no matter how many shares you own I'm saying no way! I own 3x more shares more shares means more dividends...
Do the math if you are not convinced: 3% of $30 = $0.90 x 1 share = $0.90. 3% of $10 = $0.30 x 3 shares = $0.90 You get the same dividend either way.