(Reuters) - Berkshire Hathaway Chief Executive Warren Buffett downplayed on Saturday the idea of a first-ever dividend for shareholders, as he opened his conglomerate's annual meeting for tens of thousands of people.
Berkshire, which some estimate will have a cash pile of $50 billion by the end of this year, does not offer shareholders a yield, which most people have accepted for years. But lately, some have said shareholders might like the company to return cash.
"I'm not sure how many would," Buffett said, responding to a question from a scrum of reporters and shareholders following him through the exhibit floor of the Qwest Center in Omaha. Many of Berkshire's portfolio companies have booths on the floor, demonstrating and selling their products.