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CapitalSource Inc. Message Board

  • sirius_yomama_2 sirius_yomama_2 Oct 12, 2011 10:00 AM Flag

    Dividend increase on this earnings

    IMO CSE will increase the divi on this earnings announcement.

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    • You people have to be the most naive people in the universe. "Prior earnings according to Cal. rules determine how and if a divvy can be paid". A divvy has been paid with huge losses per quarter for years. Check it for yourselves. What California rule?
      The two retiring leeches will not be employees they will be consultants and if you had any bit of sense about you what would you expect them to be doing other than approving options for the guys in the hood.
      As for the bridge, how many bridges are you aware of that are underwater? There is no underwater bridge from NY to Europe but like I said people on this board would buy it from these con artists.
      These people are sitting in their penthouses and sipping cognac and laughing like crazy.
      BUT having said all that everyone has a right to invest as they see fit so by all means buy.
      YOMAMA has been predicting divvy increase for sometime but now he is sure it will be next time or time after that or......

    • Johnharlyn,
      Response to your post on the bridge cliche at hour 12;06
      1. "We also intend to pursue a longer term strategy of converting CapitalSource Bank’s charter from an industrial bank charter to a commercial bank charter, likely by having the Parent Company apply to become a bank holding
      company under the Bank Holding Company Act of 1956. Based on our discussions with the Federal Reserve we believe we understand the actions that will be required for the Parent Company ultimately to be considered for bank holding company status. We currently do not anticipate filing an application for bank holding company status before the first quarter of 2013."
      The two buddies you speak of will direct this holding company.
      2."We're really not eligible to pay a dividend until the first quarter of next year because under state of California rules, it's based on your prior earnings. And so in our case we don't know that level until we close the books for the year. And then we would expect to declare that the dividend subject to our growth expectations, Internal Stress test, things of that nature, in the first quarter. Going forward after that initial dividend, we would expect to adopt a payout policy at the bank based on a percentage of earnings up to the parent. But it's a little bit early to start thinking about that." My post in answer to why they don`t know how good the company is doing;
      3. You still have not defined the underwater bridge but review of other poster comments here suggest you never will. So, just what bridge is under water and going nowhere?

    • thats it! thanks....so we can assume that at some point in first Q we see some type of dividend increase or special divi announcement. If we continue to execute on the loan origination as we have been then we can possibly expect to see a divi rate of about 20-25 cents per year.

    • What a spin. Has anyone wondered why the retiring CFO and his buddy will continue to be paid as consultants along with expenses, offices and benefits. Delaney's non compete clause is waived so he can head two companies, who are they kidding. President got a 33% raise I believe. BUT they don't know how good the company is doing so they can pay a dividend. Line up folks for your chance to invest in their underwater bridge.

    • A better question might be, "does anyone remember the question about putting lipstick on a pig"?

    • Delaney from the CC
      "We're really not eligible to pay a dividend until the first quarter of next year because under state of California rules, it's based on your prior earnings. And so in our case we don't know that level until we close the books for the year. And then we would expect to declare that the dividend subject to our growth expectations, Internal Stress test, things of that nature, in the first quarter. Going forward after that initial dividend, we would expect to adopt a payout policy at the bank based on a percentage of earnings up to the parent. But it's a little bit early to start thinking about that."

    • Did they say the special dividend would be paid by the bank to the parent?

    • The dividend policy is under review and as I understood it, some california law requires them to have supporting financial for increased divi based on previous Qs quarters???? As so any changes to the current divi will be done next year. Anybody else heard this?

    • In the Q&A of the CC CSE management did not rule out a special dividend; however, it appears that the focus is on share buybacks as they refer to this as an investment by CSE in CSE. Of interest it was indicated that the current dividend policy would be under review.

    • It's not just WalMart that's pushing the holiday back every year . . .

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