[rtepopbe]

> When a company has cash that it can't invest as profitably as its shareholders could do on their own, it's obligated to pay it to them as a dividend.

Aside from, as far as I know, not being any kind of legal obligation... I don't see how that situation would ever even come into effect if it was.

What kind of investment opportunity is going to turn down cash from a company (especially one the size of Facebook/Meta) but welcome it from most/all of their investors?

[Cupertino95014]

I don't understand the last paragraph. Can you explain?

Several people corrected the word "obligation" to "expectation." That's the right word.

If you get a big dividend check from Meta for your shares (and by "big" I mean "Bobby Axelrod big") you invest it in your leading opportunity.