Giving out another $.60 per share dividend to 98.7 Mil Shareholders amounts to almost $60 Mil dollars.
The company is only earning $.06 per share per year. It cannot afford to give out 10 times it's earning every
year to shareholders. This Dividend is going to be drastically reduced or eliminated. Sorry about the news.
Here's the detail on past dividends. I've been an owner since 2008 with an initial purchase of 2k shares. I currently own 17k shares. I've watched this go from $3.50 down to its current level. I will continue to buy as long as they return these kinds of divys to the investor. I have reinvested every dividend and will continue to do so. I buy more on the dips.
May 3, 2012 0.60 Dividend
Jan 27, 2011 0.30 Dividend
Mar 30, 2010 0.28 Dividend
Sep 23, 2009 1.50 Dividend
Apr 14, 2009 0.35 Dividend
Apr 7, 2008 0.12 Dividend