Subject: Re: Brk, it's time to declare a 1$ quarterly
Your value will be the same either way, except for the small difference in how dividends are taxed versus capital gains.

...and any difference in the long run total return performance of the security because of the decision to pay a material dividend. Could be better (if they would otherwise have misallocated the money), could be worse (if they had been good/rational at such things).

Jim