Aurora Acquisition Corp (AURC)

[WhatDoesItAllMean]

From an accounting standpoint dividends reduce Retained Earnings and on the other side of the "T" account reduce cash. The reduction in shares would show on the Cash Flow Statement: "Issued and Outstanding". The shares bought back would be indicated as "Treasury Stock". Since shares repurchased in the open market would create demand, the price would immediately go up provided there weren't offsetting shares sold by the public.

Paying out a dividend would signal a graduation for the company but most growing companies don't pay a dividend for quite some time. Look at Microsoft et al for most of its formative years.