My goal is to get an investment that never needs to be sold and eventually provides a return on investment through rising dividends or share buybacks. The ITIC dividend, though modest now, sends the signal that management is not opposed in principle to letting shareholders actually receive a return on their investment.
Once I posted a hypothetical question on the PNRA board about whether or not a stock could have any value at all if it were known for certain that the company and any successors would never, ever pay a dividend or buy back shares. I believe that such a stock would be worthless. What's the difference between a stock certificate in such a company and a mere piece of paper?
Summary: I want eventually, with hindsight, to regret not having purchased even more!