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RE: What Is A Superior Dividend Grower (SDG)? | Dividend Growth Investing
You are correct, Berkshire Hathaway doesn't pay a dividend because Buffet believes that it is in the shareholders interest for profits to be reinvested. Therefore, Berkshire does not qualify as an SDG. Whenever we speak of "growth" we're referring to growth in dividend income. Thus, an 8-10% increase in income over long-periods of time is the key to long-term wealth creation and actually how Warren Buffet has built his empire. Thanks for sharing your thoughtful comment!
This article has provided a very decent and comprehensive summary. It is also worthwhile to mention Buffet prefers buying back of shares over dividend, and the article has explained why.
http://www.businessinsider.com/warren-buffett-on-dividends-2013-3
Thanks for sharing that, I'll check it out!