RE:Shares buyback effect Buybacks are nothing but financial engineering to profit MGMT and are for the most part completely useless in increasing SP.However a meaningful dividend is something that shareholders can bank on and reinvest in more shares or dep?oy where they choose.The BTE dividend is very substandard but of course mgmt are not aligned with shareholders and continually promise but under deliver.BTW data collected over the last 70 years shows that dividends account for over 70% of all returns in the market, so what's not to like.