Ann: Net Tangible Asset Backing, page-2

Up on last month but I fail to see how they can pay quarterly dividends on such a low eps/month.
Last month (after tax after last dividend): $1.028
This month (after tax): $1.034

Gain= $0.006
(3/2)*$0.006=0.9 cents/share
{as 3 months paying half of profits}

Seems as if paying the dividend quarterly dividend is too optimistic as this assumes we will maintain this level of growth and make no losses. I don't think we can expect very high dividends without some very opportunistic trading. The board probably should have elected to pay every 6 months.