Most academic research found that, overall, that dividend paying companies actually have more total return than non-paying companies. https://www.thebalance.co

Most academic research found that, overall, that dividend paying companies actually have more total return than non-paying companies. https://www.thebalance.com/why-dividend-stocks-outperform-non-dividend-stocks-357353 https://www.thebalance.com/why-dividend-stocks-outperform-no... Also, is buying back stock really any different than a dividend? I would say that it is, but only in the sense that most of that buy back money gets transferred to employees in stock grants.