Q: I've done a little screening for good dividend stocks that aren't in the mainstream media. One of these is Mind CTI (NASDAQ: MNDO).
My research has shown me that it has about half it's market cap in cash. The dividend is high, and in most years, it can cover it through all of it's net income. In the most recent year, it's only able to cover half of it, yet they still paid out 24 cent versus their 12 cents in profits.
My question is: what do you think of this company and is the dividend policy sustainable in your view?
My research has shown me that it has about half it's market cap in cash. The dividend is high, and in most years, it can cover it through all of it's net income. In the most recent year, it's only able to cover half of it, yet they still paid out 24 cent versus their 12 cents in profits.
My question is: what do you think of this company and is the dividend policy sustainable in your view?