Come on dude, this is totally wrong. Dividends are expressed in per share basis but that's not actually how it works, a set amount of money is set for dividend

Come on dude, this is totally wrong. Dividends are expressed in per share basis but that's not actually how it works, a set amount of money is set for dividends. Share buybacks increase your % ownership of a company (if you're a shareholder), directly increasing the intrinsic value of your shares