PharmChem Laboratories Inc (PCHM)

[LMLYP]

To your point, the company has paid out over $2.2 million in dividends since 1/4/17.

That is a great response by management to maximize shareholder value.




On their most recent numbers released, ten cents of dividends compared to sixteen cents of earnings. It looked like 62.5%.

However, it is more important to look at the aggregate, since they first began paying dividends and how much money they earned.

They paid out dividends of $2.2 million between 1/4/17 and 6/9/20.

They earned $5.5 million between 12/31/16 and 12/31/19. (40% payout)

They earned $6.6 million between 12/31/16 and 6/30/20. (33% payout)

Can you double check that?



While I would like to get 50% of net income, it will probably be 40%.