Mind C.T.I. Ltd. (MNDO)
Don’t sweat it if you’ve never heard of Mind C.T.I. Ltd. (MNDO); most people haven’t. The tiny company doesn’t really do anything that would put it in the limelight. Rather, the company simply provides billing and customer care solutions for the telecom industry.
Boring? You bet. What’s not boring, however, is the big yield MNDO stock owners pocketed in 2013 — a 24-cent payment that would translate into a 11.2% yield on current prices.
One thing worth noting: Mind C.T.I. doesn’t pay a quarterly dividend. It only makes a cash payout once per year, right after it files its fiscal full-year reports. It has paid this dividend religiously for a decade, however, and more than that, the dividend on MNDO stock has grown pretty reliably during that 10-year stretch. In 2003, the payout was 14 cents per share, but reached 24 cents per share by last year.
And lastly, MNDO also trades on low volume of just more than 40,000 shares per day.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.
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