Not too long ago when the stock was at 4.75 the yield was over 5%. With the recent advance the same dividend now provides a yield of a little over 4%. Either way it's a bargain... I like the dividend but, the real value here is the future of the business. I mean, here we have scientists and chemists that are writing code for software that provides answers for some of the most expensive and complex problems that the business community needs to resolve. These same engineering professionals end up being the sales force and then the teachers for the drug discovery customers. The new NCE work as well as the aerodynamic force modeling that Walt talked about in the last CC are exciting areas for the future. Walt is an aerospace engineer from Auburn University and worked in rocket engine modeling before he started SLP so this is not foreign territory for him. Although the dividend is nice, the future at SLP is worth much more.
I hate the dividend. With all the opportunities they talk about on the conference call, they could fund those a lot quicker with that money. It is dumb that this great company doesn't invest more in making the system SAAS based, investing in the missile system, investing in alternative product lines, marketing more, etc.