why doesn't Honda HMC pay a dividend?

Integra Type R

New member
Their Earnings Per Share is 7.55 and price is 43.79.They haven't paid a dividend since 2008. I'm new to investing so I dont understand why this is. Ive seen other compainies like MO with EPS 1.87 paying 1.52 in dividends so the payout ratio is like 80%!. I love my honda products and now have a trading account but Im trying to figure out what the upside to owning stock in a auto company is if theres no dividends? Just share appreciation?
 
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