Recently read that potential investors would buy CSE except it doesn't pay a reasonable dividend. Well, how about a 6 3/4% divy. One cent per quarter throughout 2012 and a special .50 cents last December 26th. $54 cents divided by $8 ain't bad.
Agree. NYCB is reliable and has paid an 8% divy forever, but it's still a $13 plus stock which it also has been forever. The good news with CSE is that management is aware that a divy is good and for now is doing the best they can with a special divy. Perhaps once they get their bank status they will pay a regular divy. Either way I'm okay with what they are doing and buying every time it looks like a greater opportunity. Hope you own a truck load of stock.