My open letter to Google was picked up yesterday by Bloomberg’s David Wilson, who used it to generate a very insightful chart of the day:
Among large U.S.-based companies not currently paying a dividend, Google (GOOGL) stands out as having a disproportionately high percentage of its assets in cold, hard cash.
Berkshire Hathaway (BRK-A) will get a free pass so long as it is run by Warren Buffett. Every dollar paid out in dividends is a dollar not available for the greatest investor in history to allocate. But a mature company like Google really has no excuse for its tight-fistedness towards its shareholders.
Come on, Google. You’re a great company. It’s time to start paying a dividend like one!
Wilson’s article can be viewed here.
[…] article: Chart of the Day – Google’s Cash Position Related article: Google Gets Grief From My Dividend Article on Bloomberg […]