What about the future price of the stock? Management projects 1.20 to 1.25 forward earnings. If we assume a payment of 50% of earnings as a dividend, then the quarterly dividend should rise from 0.125 up to 0.15. This would yield a return of 4.4 % annualized at a price of 13.5 for the stock. With growing earnings a forward price of 15 can easily be projected for the stock. If the economy picks up unexpectantly which may be slow to happen, even higher prices for the stock could happen later. Remember, tea leaves are only as good as those reading them, and two readers may come up with a different projection. Good luck to all.