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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Parker Benchley who wrote (5236)4/24/1998 9:45:00 AM
From: James Harold Alton  Read Replies (3) of 19331
 
George, It sounds to me like this more than just a second dividend, it is a regular quarterly dividend, meaning we are now talking about .04/share/year, which actually gives DCTC an annual yield of somewhere around 3%, so this is more than just a gesture, especially if at some point the company were to increase or declare a special dividend. As I am sure that DCI would not be funding this if the cash were not available to do so, I take this as a statement of the ongoing financial strength of DCI. It's going to be a nice reward to DCI shareholders and since there is essentially no selling of company stock by company officers, this will be a nice bonus for those deserving people who are not that highly paid in the first place. One last issue that I am not completely clear on and maybe someone like bgtit or Bruce Galpeer could answer for us, it's my understanding that a dividend creates a "paper trail" that makes it easier to determine if there are any undeclared shorts. It is related to the fact that the company will pay the dividend based on the total outstanding shares and since shorts effectively increase that number, the shorters are suppose to be responsible for paying the dividend on those "extra" shares.

James
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