There are other reasons than steady income that investors sometimes prefer dividends: 0. dividends force companies to be regimented about consistently creating

There are other reasons than steady income that investors sometimes prefer dividends: 0. dividends force companies to be regimented about consistently creating income and not just sway with the overall market. 1. the shares are held in tax-deferred/tax-free accounts, so they taxable events don't matter to them. they prefer the tangible (dividend) to intangible (share increase from buyback)