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Monterey2000

05/18/23 2:52 PM

#431273 RE: FISH21049 #431269

IMO a $1 increase in the annual dividend is not out of the question in the next 12 months especially when/if the share price nears $90-$100. Mgmt has commented during several prior conference calls how they are pleased with the greater than 2% dividend payout to current share price. To be consistent, mgmt will need to maintain that greater than 2% dividend payout with the increasing share price going forward. In addition if mgmt wants this stock to be a potential dividend play, current US Treasury 4-week T-bills are now paying over 5%. The reduced share count upon completion of the current stock buyback while allocating the same amount of cash/budget for dividend payout as before the start of the stock buyback will make that additional $1 in dividend easier to achieve. IMO, the recent projected revenues until 2027 and thereafter are for Lenovo and Samsung only. It does not account for other outstanding future licensees like OPPO paying up and taking a license along with increasing revenues from video (Alps Alpine Co), IOT, Avanci (Samsung just signed with Avanci), and any revenues from other licensed technologies.