LeverageMost investors believe no debt on the balance sheet is very positive but using leverage within limits (especially in low interest rate environments) is a tool used to increase the return on investment. Borrowing a little and paying a small dividend (which would attract a whole set of new investor types including institutional dividend funds) may not be a bad thing. Of course, everyone wants the company to reinvest to grow, but there is away to keep all the investors happy and grow at the same time!