It's not that favorable if all the corporate cash is stored overseas in low tax holding countries. The corporation will have to repatriate the money and pay co

It's not that favorable if all the corporate cash is stored overseas in low tax holding countries. The corporation will have to repatriate the money and pay corporate income tax on it before they give you your dividends. Alternatively, they could just grow that hoard of cash and let your stock appreciate after which you can sell a few shares and get capital gains rates on capital that didn't have to be double taxed.