I understand your point but believe the concern is overstated. A 2 cent dividend will hardly break the bank, and as others have noted call attention to the stock (we need PR).  Let the shareholders have a say over how at least a part of the company's profits are reinvested.  How many "shell" companies turn a profit, let alone pay a dividend?  PTSC is certainly no longer a shell company (if it ever was?).  Any maybe I (and all other shareholders) have as good ideas as company management regarding how to reinvest those profits?  One can always buy more Patriot shares with the dividend, if desired. 

Regular dividends are a good thing in my book, and indicate the patents are golden, IMHO.  Time will tell.