Agoracom Blog

OTCBB Company – Patriot Scientific – Announces Cash Dividend

Posted by AGORACOM at 7:35 PM on Thursday, February 22nd, 2007

Today’s announcement by Patriot Scientific is the very reason I started this blog recently.  Specifically, a great example of a real OTCBB company, as opposed to the junk we are forced to hear about via stock spam campaigns.

Patriot announced that it will issue a cash dividend of $0.02 per share of common stock for shareholders and qualified warrant holders of record as of March 6, 2007. The dividend is payable April 9, 2007.  The news drove PTSC up 29% on about 5.5 million shares of volume.  Even if you bought PTSC at the close of trading today, that still amounts to a 2.6% yield.

Comments from Chairman and CEO David Pohl indicate this probably won’t be the last dividend payment to investors:

“We want our shareholders to participate in our share of the revenues generated by our jointly owned MMP Patent Portfolio,” said David Pohl, chairman and CEO of Patriot Scientific Corporation. “In furtherance of this philosophy, our board of directors has now adopted a policy of paying a dividend every six months, subject each time to a determination by the board that payment of a dividend would then be reasonable and prudent in light of the financial condition of the company, other possible applications of the company’s available resources, and relevant business considerations,” Pohl stated.

Congratulations to Patriot Scientific investors and – more importantly – thanks for demonstrating to the world that great quality can be found in the small and micro-cap world.


2 Responses to “OTCBB Company – Patriot Scientific – Announces Cash Dividend”

  1. AGORACOM says:

    Good morning, Francesco and thanks for using the blog to post your comments. I personally don’t believe a dividend is necessary to retain confidence. PTSC has significant cash and great technology. The fact that it is undervalued should not worry investors.

    Remember, Warren Buffet made billions from patiently investing and remaining invested in undervalued companies with strong businesses and cash flow. I believe PTSC is one of those companies. If you need any further inspiration, then make sure to read this blog post on the best performing stocks in the past 10 years. Hint, 9 out of 10 started as micro-caps.


  2. Francesco says:

    If PTSC issues a dividend on October 9th, the stock will jump considerably, but as it stands now, with the company still not having issued any statement on it, it seems that investors are losing confidence in it. What’s your take?