Remitly Global Doesn't Pay a Dividend and Constantly Dilutes Shareholders. Here's Why I'd Still Buy and Hold It Forever.

Remitly Global (NASDAQ: RELY) doesn’t pay dividends and shareholders face ongoing dilution, but the argument in the article is that the business momentum is strong enough to justify a long-term buy-and-hold stance. The piece points to Remitly’s mobile-first remittance model and claims it has steadily gained market share globally. It cites last quarter’s active customers rising 20% to 10.2 million, up from 2.4 million in 2022, alongside revenue of $495 million for the quarter. Over five years, revenue is said to be up 350%. The article also discusses operating margin expansion, noting 13.5% last quarter, and contrasts this with concerns that competition could increase.