Warren Buffett's Berkshire Hathaway Inc has urged shareholders to vote against a proposal that it consider spending some of its $48.2 billion of cash on a "meaningful" dividend. According to a Berkshire proxy filing on Friday, David Witt, a Cincinnati resident who owns nearly $8,600 of Berkshire stock, will propose the payout at the company's May 3 annual meeting.Berkshire has not paid a cash dividend since 1967."Whereas the corporation has more money than it needs and since the owners unlike Warren are not multi-billionaires, the board shall consider paying a meaningful annual dividend on the shares," Witt's proposal said, referring as Buffett does to shareholders as owners.Buffett was not immediately available for comment.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 1.02% or $-1890.0/share to $183860.00. In the past year, the shares have traded as low as $152028.00 and as high as $188852.00. On average, 464 shares of BRK-A exchange hands on a given day and today's volume is recorded at 574.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.89% or $-1.1/share to $122.51. In the past year, the shares have traded as low as $101.30 and as high as $125.91. On average, 3999940 shares of BRK-B exchange hands on a given day and today's volume is recorded at 4684903.
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