With Warren Buffett Set to Step Down as CEO, Will Berkshire Hathaway Soon Start Paying a Dividend?

After an epic 60-year run at the helm of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Warren Buffett surprised investors at Berkshire's annual meeting by announcing that he plans to step down as CEO of the company at the end of year. He will remain as chairman of the board of directors. Vice Chairman Greg Abel is the successor who will try to fill Buffett's big shoes. Buffett's departure from the CEO role will end a superb run that saw Berkshire's stock widely outperform the broader stock market and turned the Oracle of Omaha into a legend. While Abel and the Berkshire team are expected to continue to follow the playbook that made Berkshire the behemoth it is today, change is inevitable. Berkshire, despite its size and financial resources, has never paid a dividend. Could this soon change?Buffett has been asked the question plenty of times: Why doesn't Berkshire pay a dividend? After all, Berkshire generates heaps of cash and paying a dividend could fit in with Berkshire's brand of being a conservative, steady stock to own that will prudently deploy capital. Additionally, Buffett has purchased plenty of stocks for Berkshire's portfolio that pay dividends.Image source: Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool