Subject: Re: Brk, it's time to declare a 1$ quarterly
A dividend is a great idea for a company with no ability to allocate capital, with a high-to-overvalued share price. It isn't entirely clear why companies with those two characteristics would be very attractive investments in general.

I put a smallish amount into BP and WFC during the Macondo well blowout and the GFC, respectively, and have held onto them not as "investments" so much as an alternative savings account. Neither company is likely to go bankrupt and since recovering from their respective disasters, they pay dividends in excess of bank interest rates on my original purchase price. I suppose it's a form of diversification.