GuruFocus Premium Membership

Serving Intelligent Investors Since 2004

Try It 100% FREE for 7 Days!

Free 7-day Trial
All Articles and Columns »

Donald Yacktman Discusses Dividend Stocks and Special Cash Dividends

December 05, 2012 | About:
Dheeraj Grover

Dheeraj Grover

Legendary value investor Don Yacktman of Yacktman Funds was on CNBC to discuss the sudden increase in the number of companies offering special dividends, his thoughts on dividends, companies' dividend strategies, and what is better: dividends or share buybacks

-- Hopes companies eliminate the cash dividends all together next year as the dividend tax goes up.

-- He thinks Costco (COST) does the right thing by paying one time big dividend now and that will be a good tactic to ween off investors from their dividends in the next four to five years.

-- Thinks share buybacks are a better way of returning money to shareholders. Share buybacks and tender offers are a much more tax-efficient way of returning money to shareholders.

-- Thinks 2013 will be the year of stock buybacks.

Here is the video:

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.0/5 (6 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial