Will Warren Buffett's Replacement Reward Shareholders With Dividends?
Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) annual meeting is watched closely by Wall Street. Normally that's because investors want to see if Chief Executive Officer Warren Buffett shares any investment wisdom that they can use.
This year, however, the annual meeting included the shock announcement that Buffett was giving up the CEO role at the company he turned into a Wall Street legend.
What comes next is a huge question mark. One area that will be of interest to many is dividends, which Berkshire Hathaway doesn't pay. That's because Buffett doesn't like to pay dividends. Will Greg Abel, who is slated to replace Buffett, take a different approach given the $347 billion in cash the conglomerate has on its balance sheet?
Source Fool.com
