Doesn’t look like to me they could afford a dividend. With declining sales YOY now they are burning cash. They haven’t posted a single sale in quite some time now. Looks like the government contracts have gone by the wayside. Jmo
I think it would as it would give a vote of confidence to the company. But I'm not sure they can with how lumpy their business is.
I assume you mean 8 cents per year, not per quarter. 8 cents per quarter is $2.4 million per year and an 11% dividend ratio. They have only made an average of $700,000 in net income per year the last two years. 8 cents per year isn't even sustainable at that rate. All they could probably afford is 4 cents per year, which probably won't give the vote of confidence we'd be looking for.