Miner Company
Data Update 8 For 2026: Time For Harvesting - Dividends And Buybacks
In this post, I will look at the decision by businesses on how much cash to return to their owners and in what form (dividends or buybacks) and how that decision played out globally in 2025. I will argue that dividend policy, more than any other aspect of corporate finance, is dysfunctional both for the firms that choose to return the cash and the investors who receive that cash.
In this post, I will look at the decision by businesses on how much cash to return to their owners and in what form (dividends or buybacks) and how that decision played out globally in 2025. I will argue that dividend policy, more than any other aspect of corporate finance, is dysfunctional both for the firms that choose to return the cash and the investors who receive that cash.