Actually, they are NOT entitled to dividends. That's part of the myth, and is covered in the book. You should give it a read. The author covers some historical cases which are often misinterpreted, and lead to the confusion. In the case of dividends entitlement, the case you're drawing from is https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

She's a lawyer and professor in precisely this area. You could read the wikipedia article, and try to confirm your bias. Or, you can read the book, written by an expert, and broaden your perspective.