Business
20:51, 26-Feb-2018
Buffett: Berkshire more inclined to repurchase stock than pay dividends
CGTN
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Warren Buffett, chairman and CEO of Berkshire Hathaway Inc (BRKa.N), said Berkshire, sitting on 116 billion US dollars of cash, is “more inclined” to repurchase stock than pay dividends as a means to use excess cash.
Buffett, speaking on CNBC TV on Monday, said the corporate income tax rate cut signed into law by US President Donald Trump is a “huge tailwind” for US companies and that it is “really good for Berkshire.”
Source(s): Reuters
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Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3
Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3