For All Those Folks Complaining About CVX's New Dividend -- Oh, Give Me A Break. CVX Threaded The Needle About As Well As They Could -- January 31, 2023

From today's social media:

This is really, really cool. 

From January 30, 2023, Michael Fitzsimmons. He inadvertently waded into the decades-old argument -- dividends vs buybacks vs capital gains ... Warren Buffett vs the "typical" mom-and-pop retail investor:

Link here.

So, for all those folks complaining about CVX's new dividend -- oh, give me a break. CVX threaded the needle about as well as they could:

• a healthy dividend;
• held back cash for expanding their own company;
• a record buyback authorized but the key word: authorized.

Nothing required CVX to actually buyback anything.... $75 billion to be used at their discretion.

It really gets back to a short-term horizon vs a long-term horizon.

I'm lovin' it.