That depends a whole lot on your tax jurisdiction, your other income and your investment strategy.
In both scenarios, the shareholder can get the same amount of cash if they want it. Except with a dividend, they are forced to pay tax now.
I suppose there could exist a jurisdiction where dividends are taxed less than capital gains. I would be curious to know if there are any.
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In both scenarios, the shareholder can get the same amount of cash if they want it. Except with a dividend, they are forced to pay tax now.
I suppose there could exist a jurisdiction where dividends are taxed less than capital gains. I would be curious to know if there are any.