RE:What's the true yield?For a tech stock, I'd expect a lot lower yield, but I think Pivot's high yield reflects wariness. The co has high sales but very low income, and the strategy of acquiring a lot of companies did not always work.
For a while, they went on and on lamenting the low stock price (while they should have been running the company). The CFO decided to start this excessive dividend to address this. Not too surprisingly, he departed soon after.
I think the company deeply regrets his having started this, but they don't want to cut the excessive dividend because cutting dividends never goes over well.