No. of Recommendations: 1
Once Greg is settled in as CEO does anyone not think that the dividend issue is going to be raised in a big way? Or do we seriously believe that Greg, Todd, Ted, etc. are going to deploy $250 billion making acquisitions, buying stocks, etc.? One way to do it would be to only have a special dividend....for example decided on in October, record date in November, and payable in December with the minimum amount being $1 per share. Each year at the October BOD meeting a decision would be made. And before this policy was initiated it would be clearly communicated to shareholders that it was not in any way guaranteed.
For those arguing for the "create your own dividend" I would say go back to when BRK purchased BNSF and did the 50-1 stock split for the B shares. For a LONG, LONG time the share priced was between $60-75 per share. At the time, especially with the BNSF earnings added in, I couldn't believe how undervalued BRK was and purchased as many shares as I could....still have them. What a terrible period that would have been to be selling pretending the sales were providing you a dividend.
