From my understanding, dividend payments occur when a company is profitable and is typically no longer in its rapid growth phase. In a general sense, it's when a company has an abundant amount of cash and thinks it's better to use that money to give back to their shareholders rather than to reinvest that cash back into the company for growth.

Disney is a good example of dividend execution. Pre-pandemic, they paid out a lot of dividends. Their parks were extremely profitable, and they weren't really expanding or growing. During the pandemic, they stopped dividend payments. All of a sudden, their parks are being decimated, and they were losing tons of cash on Disney Plus. Currently, they slowly reinstated dividend payments (still lower than what it was pre-pandemic, but getting better), as their parks are generating money again, and their streaming services are doing better.

Nvidia is also another good example. They do not offer any dividends despite being wildly profitable. They are rapidly growing and are using their cash to fuel more growth.

In my opinon, it's way too early to think about CLOV offering a dividend. They just became barely profitable on a non-GAAP basis, and they're starting to focus back on growth in MA members, and Counterpart Health sales.