New Delhi, May 6 -- Through the years, co-founders and lifelong friends Warren Buffett and the late Charlie Munger were firm - despite the argument for it, there would be no dividends from Berkshire Hathaway.

But, with a change of guard on the horizon and no clear investment plan spelled out, speculation is rife that CEO-in-waiting Greg Abel could dole out some of the company's close to $350 billion cash reserves to shareholders.

Notably, under Warren Buffet - who is the longest serving CEO among S&P 500 companies, and co-founder Charlie Munger, Berkshire issue dividends only once in 1967. The billionaire investor has been quoted saying the decision "seems like a bad dream".

Answering question about their decision at the 1997 Berkshire...