Dividends are very important to the investor. Every young investment student learns of the "greater fool theory" when their professor or mentor asks whether dividends are important. If the answer is "not really, if the share price increases", the professor then goes on to explain that without eventual dividends to the investor, the share is worthless. Consider, in the extreme, the purchase of a share that guaranteed not to pay any dividends or other payouts to the holder. What would be the worth of this share to the holder? Simply, it would be a "promise not to pay". Ever. The holder might get some psychographic thrill from saying they owned the share, but they would in reality have the same claim to its assets and cashflows as anyone else. Their claim would be worthless, except if they sold it to someone who hadn't figured this out. Hence the "greater fool theory".
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