I went to one of the top 15 business schools here

I went to one of the top 15 business schools here in the nation. Part of our graduating course was to play this business simulation with other top business schools around the world called Cap Stone. This simulation is as close to real world business as you can get. My team did better than 95% of the class as we heavily invested in the business for the first 2-3 years. As you mentioned in regards to dividends, the teams that issued a dividend in the first few years lost the game. It's all about building the business in order to sustain, penetrate the market, to be a leader, to be efficient, and always predicting how the market will react to different changes. This is my input on that.