[fancyfredbot]

In theory a dividend is also price neutral. You have the dividend now but the company you owned doesn't any more.

However, if someone gives you a dividend you typically have to pay tax, and lots of people really hate paying tax.

So buybacks are the preferred price neutral way of dealing with excess cash.

[paulddraper]

The dividend amount plus share price is neutral.

But before-paying-dividend versus after-paying-dividend decreases the value of a share.

[asdfaoeu]

Dividends are absolutely not price neutral however most feeds correct for them.