Well, sure, but not really the best way to look at it. Annual dividend/Current Share Price. Yield on Cost is Annual Dividend/Per Share Price. If you look at yield on cost, in many instances you could be missing out on maximizing your income. Current dividend yield is 10.4%. If there were two companies that were equal but one was $10 a share and one was $11 a share, both paid an annual dividend of $1, even though your buy in price of the $11 dollar company was $5, you are still really only earning 9%. You could sell out of the $11 dollar company and buy into the $10 company and be earning 10%.
Anyway, I knew that is what he was figuring was from his comment, but at todays price it's 10.4%. I don't know of really any other companies out there right now comparable to NCTs price and value, so I understand why he is holding. Little blip down days like this for NCT are expected. I think we might move towards the $8 mark before the next dividend ex-date.