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Buffett: No To Paid Dividends

Mike

Well-known member
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc has urged shareholders to vote against a proposal that it consider spending some of its $48.2 billion of cash on a “meaningful” dividend.

According to a Berkshire proxy filing on Friday, David Witt, a Cincinnati resident who owns nearly $8,600 of Berkshire stock, will propose the payout at the company’s May 3 annual meeting.

Berkshire has not paid a cash dividend since 1967.

“Whereas the corporation has more money than it needs and since the owners unlike Warren are not multi-billionaires, the board shall consider paying a meaningful annual dividend on the shares,” Witt’s proposal said, referring as Buffett does to shareholders as owners.

Buffett was not immediately available for comment.

His $58.2 billion net worth makes him the world’s fourth-richest person, Forbes magazine said this month.

In opposing Witt’s proposal, Berkshire’s board said it already considers annually whether the Omaha, Nebraska-based company should retain all earnings.
 

Mike

Well-known member
Faster horses said:
Has Buffet ever paid his back taxes????

You mean that $BILLION$ that Berkshire-Hathaway owed the IRS while at the same time Buffett was preaching that the rich ought to pay more taxes? :lol: :lol:
 

Tam

Well-known member
Wouldn't you just love to know just how many of those "RICH" liberals, like Buffett, that say they believe the Rich should pay more in taxes, live up to their "TALK" and sign a larger check than they legally have to?

They talk about paying more but they hire a gang of accountants and Lawyers to find every deduction they can to NOT PAY MORE AND STALL PAYING WHAT THEY DO LEGALLY OWE. :roll:
 
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