Subject: Re: Jason Zweig on BRK's Cash
I think a special one-time dividend is a bad idea. The stock will decline by the approximate amount of dividend on ex-div date and many shareholders will be worse off if dividend is taxable to them.

If a dividend is initiated it should be a regular, rising dividend at a low payout ratio. Firms with a long history of doing so are generally rewarded with higher valuations; e.g. Coke.