Recently, two books piqued my interest in the relationship between taxes and dividend-based returns. The first book, "The Future for Investors" by Jeremy J. Siegel, contends and presents evidence that investors in our most venerable dividend growth stocks, for example Coca-Cola and Exxon Mobil , achieved such satisfying returns over the last half century or so by: While I suspect most people in the dividend growth community are familiar with this conclusion, he additionally argues for a fourth ingredient, the secret sauce that leads to truly outsized returns: chronic undervaluation.