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When companies have excess cash beyond their needs, they can return this money to shareholders in the form of a dividend or through a stock

When companies have excess cash beyond their needs, they can return this money to shareholders in the form of a dividend or through a stock repurchase. Differentiate the effects of repurchases and dividends in theory and practice. Based on Warren Buffett's rules for repurchases, why do a lot of companies use repurchases when they really should not be doing them?

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In theory dividends and stock repurchases have different effects on shareholders and the companys financials Dividends are cash payments made to share... blur-text-image

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