Berkshire Hathaway Has Paid Exactly 1 Dividend Since 1965. Here's Where the Cash Goes Instead.

Berkshire Hathaway has maintained its no-dividend policy since 1967, instead reinvesting earnings into acquisitions and share buybacks. Under new CEO Greg Abel, the company continues this strategy, recently acquiring Taylor Morrison for $8.5 billion and increasing its Alphabet stake by $17 billion. Abel has also accelerated share repurchases to $8 billion since April, while maintaining over $350 billion in cash reserves.