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It's not that he doesn't like buybacks as opposed to dividends. It's that he doesn't like growth companies returning capital to investors through any means. A
by slapshot 16y ago
It's not that he doesn't like buybacks as opposed to dividends. It's that he doesn't like growth companies returning capital to investors through any means.
All of his criticisms would apply equally to dividends, with the extra criticism that dividends are a gift to Uncle Sam because they are taxed higher in most tax brackets.
- _delirium 16y agoAt least under current law (may not be extended), dividends from most stock held for at least two months count as "qualified dividends", which are taxed at long-term capital gains rates.