> While it's true that share buybacks are a nice way to return value to shareholders compared to dividends from a tax perspective they also have little to do wi

> While it's true that share buybacks are a nice way to return value to shareholders compared to dividends from a tax perspective they also have little to do with a business's growth or improvements in profitability. Dividends also "also have little to do with a business's growth or improvements in profitability." At the end of the day, with either 'system', company management has decided that they cannot find internal uses for cash that give decent rates of return, and have decided to return the cash to shareholders. But it seems to me only one system is 'vilified'. There's a lot of magical thinking that goes on around dividends: * https://canadiancouchpotato.com/2011/01/18/debunking-dividend-myths-part-1/ https://canadiancouchpotato.com/2011/01/18/debunking-dividen...