Tell that to Google. They don't give any money to shareholders whatsoever. In fact, they split their stock and created a new class of shares that have no voting rights whatsoever. Most other companies call that preferred stock, which has a fixed dividend payment attached to it. Holders of preferred stock give up voting rights but in return, get higher priority in claim to assets than holders of common stock in the event of bankruptcy. With this new class of stock from Google's stock split, you give up your voting rights for nothing in return whatsoever. Page and Brin had the gall to sell that proposal to shareholders, who were smart to file suit to get something out of the deal.
According to Page and Brin, they claim that they want to keep the power to themselves in order to make long-term bets. That's the usual excuse for a company to not pay a dividend. What's funny is that for all the talk about wanting to make long-term bets, search is still the only engine of growth for Google.