Subject: Re: Apple
Please name the last five significant Buffett buys that did not pay a dividend. Thank you.

That's an easy one: Apple. The dividend is trivial and can be ignored for any analysis of the investment thesis or returns. At this point it's just for show, really--window dressing.

It shows up as part of Berkshire's total return on the Apple position only if you look down in the rounding error. Around 3-4% of the total gain to date, before the taxes on it, even after 8 years of significant ownership and collecting of dividends.

Jim