Dividend IncreaseWith all the recent signings adding to the bottom line, I would not be surprised to see a dividend increase in the near future, perhaps in H1 2015.
This would accomplish several needs that are likely weighing on the BOD. One is, as others have noted, the long term big boys, e.g. Blackrock, may well be pushing for more stable signs of a ROI, especially in the midst of this current drop in SP. The dividend is a guarantee of a certain percentage of ROI while they wait for the so-far elusive capital appreciation. A dividend increase is a much better way of satisfying shareholders, especially the big ones, than a share buyback, which another poster recently suggested (a large share buyback now instead of a dividend increase would be very misguided imo).
A related advantage of the dividend increase in 2015 would be that it would make 5 years in a row (iirc) of consistent dividend increases, thereby making WIN eligible for all those "Dividend Aristocrat" indexes and funds, leading in turn of course to more buyers, and perhaps even a higher share price. If these current economic jitters subside, we can probably expect the yield to trend towards the 4% mark, and suddenly our little Wi-lan emerges as a steady dividend cash machine that will be on many income investors' lists.
So I suggest you enjoy this current "40% off sale" while you can. I know I am. The future for WIN is looking pretty bright from here.