Places to travel in usa for This situation would be impossible to imagine in the United States, where these decisions about dividend policies are made exclusively by the members of the BOARD OF DIRECTORS and imposed on stockholders without any possible negotiation. Even Warren Buffet's Berkshire Hathaway, a famously profitable enterprise, has never paid any dividend to its stockholders. Many companies not paying dividends say they prefer to reinvest earnings into acquisitions and capital spending. These arguments are more than contestable. First, sharing profits with stockholders should never be seen as a waste or squandering, because stockholders invested their money in the first place when they bought their shares. Second, investors who get money on a regular basis from the company they own might resist the temptation to cash-in their profits when the share value improves. Third, dividend payouts are in no way to be considered as a gift to stockholders, but rather as a compensation for the risk involved in a stock investment, specially for long-term investors. Places to travel in usa 2016.