Lamberts,
I disagree with out on this particular topic.
A dividend is reward... and it does increase the shareholder value. On every single Divi I received from PTSC, I re-invested in more shares of PTSC.
Again you also miss the point... " When we believe it to be a prudent use of corporate funds to pay a dividend ........"
When is the key word..... could be in 2 years..could after after a M & A... could be after a huge settlement. Doesnt mean they will do it anytime soon, etc.
The dividend is to reward shareholders...reward them for not exiting their position and receving a monetary compensation....which each individual can decide to cash out.. or re-invest.
Had it not been for the dividends... maybe PTSC would never have hit my radar for stocks to own... it definetly got my attention..and started my DD as a result.
We agree that the company' responsibility is to do regular business...have more revenues than expenses...... than attempt to increase the shareholder value.... but stocks and ownership are liquid... and people move in and out...but the companys remains and must follow its first reason for being... making money.