“ I don't know if I'm ready yet for a dividend, but in a world where neither acquisitions nor repurchases are attractive over a sustained multi-year period, I think it's poor thinking to dismiss the idea out of hand and I certainly hope that Buffett isn't assessing dividend policy based on his own personal circumstances as opposed to the interests of the shareholders at large.” Thanks for contributing great value in this forum. As you know the typical Brk partner will move the goal posts and refer to what Buffett said 25 years ago. It will be very interesting to see how our board of directors think once Buffett passes the torch. I would love to know how often Gates and Buffett have discussed the pros and cons of paying a small dividend, obviously Gates disagrees with Buffett. The Mag 5 that pay a small dividend seem to trade just fine.