Why does Nvidia pay a dividend?


The yield is so insanely low, what’s even the point? 7 basis points, I think it’s like 4 cents a share. I understand they probably announced a dividend years ago and it was like 50-100 basis points but why not just cancel it? Is anyone gonna stop investing in Nvidia because their 7 basis points yield went away?

Just think it’s silly, use that money on buybacks or R&D


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