RE:RE:RE:RE:BTE LEVEL 2 - WALL MOVED TO $5.41Buyback in fact is another way of distributing assets to shareholders in this case cash which reduces total assets, but increases the percentage of ownership for remaining shareholders by canceling the shares bought back. Me too personally prefer dividend over buyback unless the company can buy backup 20%+ of its outstanding shares annually, historically most companies buyback shares then they dilute back by acquiring or issuing more shares and over a period of time the value of SP doesn't change materially, example would be BTE. Acquired Raging Raver by diluting shares and now same by acquiring Ranger Oil, but if the pay dividend, then over a longer period of time shareholders can collect significant cash in form of dividend. Any ways ideas are different and management decides what to do, but based on my knowledge of finanance and accounting combined with stock market behaviour experience, I prefer dividend over buyback.