Are Dividends Important to Stock Investors?

The buyback tax is, I think, an important reason for companies to start allocating their capital return towards dividends instead of buybacks. Companies that beat on dividends and earnings got a much better outperformance on the day than companies that just beat on earnings. And so I think that's another reason why companies may be incentivized to allocate more of their capital towards dividends at this point. Are dividends in general important for long term investors? Definitely.