Which is why I said “a dividend where the stock holder has an option to either (a) take the dividend - at ordinary income tax rates - or (b) reinvest the stock into the company, except that it saves the trouble of the long(er) term investor of buying more stock.” I didn’t say “an ordinary dividend”, I qualified it rather extensively.
Moreover, I didn’t “assume you were innumerate”, I was showing my work (i.e., “here are my assumptions, I’m happy to have a discussion” - which is the sort of point of discourse)
