Those who have been in have had their balls squeezed. This is going nowhere. It has underperformed the market for over 10 years. Nothing will change. Put your stock market money in the VTI and avoid this poorly managed company.
You are a idiot. Of course it will mean a smaller special dividend. They are not increasing earnings and are simply return your original investment. Makes no difference if you get a few dollars sooner or later the bottom line is they have no plan to increase earnings. Only plan is to increase management's income.
Did I read it correctly? The quarterly dividend was 0.085 not 0.075 this first quarter? Seems to imply an earnings beat to me, unless they are trying to spread the special dividends more evenly throughout the year. Anyone have any idea if the 10% dividend increase will come at the cost of smaller special dividends? If it does, that will be unfortunate, given the special dividends have been on the order of $0.25
Time for management to explain their growth strategy. Management is so focused on their own bottom line, they do not care about shareholders.
The buyback has been a failure. Millions of dollars of cash thrown away that should have simply been returned to shareholders. The purchases were too small and too slow to move the stock price. Dividends are now taxed as ordinary income if congress does not extend favorable capital gains rates this year. The S&P is up nearly 300% since the full conversion of CFFN, but the this stock has only gone up 26%. Cash dividends are insufficient to increase yield to even a general stock market index fund for the same period. Wake up shareholders. It is time to be heard.
I guess the employees will have to find a new hangout or two. It was fun watching them trail out the building three times a day into the coffee shop and then back again in an hour or two. This guaranteed no one was in the bank to screw it up. Now, they may be around to do some work, which would be very dangerous for the bank's future.