Seems too cheap unless I am reading it all wrong. Still about...

Seems too cheap unless I am reading it all wrong. Still about 60c a share in cash, so if you deduct that from the current price you are paying 33c a share for 6.7c expected earnings from extraordinarily high margin businesses that look like they have at least some propensity to grow. have been following them since Intelligent Investor marked them as a buy last year, but finally put my toe in the water on Friday after went ex-dividend. certainly they are operating in challenging markets, but trading on an effective PE of 6, it wont take much signs of growth for the price to move on, again, unless i am reading it all wrong.
paying out 14c a year costs them $22M, but $10m comes back from the businesses, so actually only costing $12m, so from $180m they could keep this going for a long time? thoughts???