No more Dividends is a Good Thing. That got the Leeches out the way and now they can create, keep and increase the Value of share price rather than continue to pay out a Dividend and have a decrease in share price and Value. Also, there’s the Control of your Tax Structure. If the Company Paid a Dividend, the Company pay Taxes and the shareholders also pay taxes on the same cash. So paying a Dividend is Double Taxed and not a Good Company Strategy. Hence, the continued approval of Buying Back the Company stock.
I’m not bothered by not receiving a Dividend, but I’m also aware that they(COOP) can approve a Special Dividend at any given time. In a number of Corporate Restructuring maneuvers like a Spin-off, Selling of Assets, etc. etc.
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