PGI Energy, Inc. (PGIE)

[sevenOdouble]

"Unlike" --> You have a point according to the explanation, and its up to the individual investor to assess if the dividend will have long term merit.
"The shareholder can either keep the shares and hope that the company will be able to use the money not paid out in a cash dividend to earn a better rate of return..."

"Stock dividends are thought to be superior to cash dividends as long as they are not accompanied with a cash option."