Most investors love dividends.

I prefer share buybacks.
Here is why.
Company has $100 total earnings.
100 shares outstanding.
EPS = $1 per share.
Company buys back 10% of shares.
Now 90 shares outstanding.
Same $100 in earnings.
EPS = $1.11 per share.
That is a 10% boost in EPS without growing revenue by a single dollar.
EPS goes up.
Share price follows.
Always does in the long term.
& the best part?
You pay zero taxes on share price appreciation until you sell.
Dividends hit your tax bill every single quarter whether you spend them or not.
Apple buys back billions in stock every year.
That is not an accident.
That is the smartest way to return money to shareholders.