In his paper "On the Informational Content of Dividends," Michael Laub disagrees with two aspects of my recent article.1 He disagrees with my specification of an annual dividend model instead of a quarterly dividend model and with my conclusion that the information content of dividends is trivial. Laub bases his views on a "reinterpretation" of some of my results and on some empirical evidence of his own. In this comment I argue that neither his evidence nor the "reinterpretation" indicates the superiority of a quarterly dividend model or the nontriviality of the information content in dividends. However, as I indicate in my conclusion, the specification of the dividend-earnings relationship is important, and the result of any dividend information content study depends crucially on the approach used.