Dividend discussion moved three years down the roadThere seems to be an aversion to considering a dividend as part of a balanced approach. It is good to buy back shares to increase funds flow per share. But eventually the reason for robust funds flow per share is to provide some flow of cash dividends to the holders of those decreasing numbers of shares each representing a bigger share of the company. There is benefit of the share price going higher based on value each share represents because that capital gain can be harvested. But the share price rise could be limited if there is not some expectation that a dividend will eventually be considered as part of balanced approach.
Anyway many other companies in their attractive situation of robust cash flow after paying off all debt are taking a different approach. Like starting a dividend, fueling share price growth, and even splitting the shares as the price of each share ramps. Giving me two shares would also double my ownership in the company, and would double my dividend, if that was not beyond any consideration. But in the end I like the company and they are doing extremely well, will just let it play out as it will.