Booking Holdings Inc. is a leading provider of online travel and related services, provided to consumers and local partners through six primary brands: Booking.com, KAYAK, priceline.com, agoda.com, Rentalcars.com, and OpenTable. In a recent annual report, Booking Holdings Inc. published the following dividend policy:

We have not declared or paid any cash dividends on our capital stock since our inception and do not expect to pay any cash dividends for the foreseeable future. Given Booking Holdings’ dividend policy, why would investors be attracted to its stock?