Sony has been paying a dividend since 1983. It paid it's last dividend in September of 2008.
Nintendo started paying a dividend in 2002 and hasn't paid one since 2006.
Microsoft started paying a dividend in 2003 and continues to pay a dividend to this day.
A dividend of 10 cents paid 20 years ago is much more valuable than a dividend of 10 cents 2 years ago. If each company had held on to their 10 cent dividend, the first company's dividend would be worth a few dollars in today's value while the second company's would be worth maybe 15 cents.







