Berkshire Hathaway Has Paid Exactly 1 Dividend Since 1965. Here's Where the Cash Goes Instead.
Even after this year's leadership change, Berkshire's approach to dividends, buybacks, and new investments remains largely the same.
Berkshire Hathaway, under the control of Warren Buffett since 1965, has not paid a dividend since 1967, despite its shares gaining an average of 19.9% annually. The company's strategy of reinvesting earnings and investment gains into new ventures and acquisitions has been the cornerstone of its success. With Greg Abel now leading Berkshire Hathaway since 2026, there are no indications that the focus on capital reinvestment will shift.
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