The Dynamic Dividend

PCTEL Initiates Quarterly Dividend, Yields 1.80%

PCTEL (PCTI) declared a quarterly dividend of $0.03 per share today, a first for the propagation and wireless network solutions company.

Analysts currently expect PCTEL to earn $0.29 per share this year and $0.38 per share in 2012, giving the company manageable payout ratios of 41% (current) and 32% (forward). PCTEL also has enough cash ($3.40 per share) to power its dividend for more than 28 years, so this is certainly a safe payout.

Shares of PCTI are currently trading at $6.65, where they now feature a shiny new 1.80% dividend yield. The stock is up 11% so far this year.