Yes, it is the same. But I would rather those RM12.00 in my pocket.
If really so, why company keep those Rm12.00 unused and not giving a single reward to the shareholders? It doesn't make sense.
Give RM12.00, you can decide what to do with the money, you can re-invest back the company share, eventually it is the same again. At least money in hand, beat anything else.
The first criteria in investing listed company share is look for company management that treating well the shareholders, and looking after shareholder benefit. Without this criteria, no matter how company lucrative profit is, I don't dare to invest in it, because as minoirty shareholder, I/we don't have any protection at all.
You can invest in a company share that worth Rm10.00 in asset/cash or whatever at the price of Rm1.00, but company can decide not to distribute a single cent forever as well, if majority shareholder decide to do so. Then you just seeing those Rm10.00 in figure only.
Just like you bought a house, at RM100K, now appreciated to Rm1 million, you may jump up and down that now you are millionaire, but you don't sell or cannot sell (due to whatever reason), do you have Rm1 million?
The answer is yes, you have net worth of 1 million but you don't have 1 million.
You invested in listed company, you expect company make profit for you and distribute to you.
You expect company make profit for you, then those profit being kept forever in the company?
We invested in listed company share, intention is to make money, we invested in listed company don't expect company to act as some kind of 'depositor' like bank.
Jusy my view.
Its a main reason that we looking for nice divv company, the divv is a return of our investment.