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Southwest Bancorp Inc. Message Board

  • What_The_Hell_Did_I_Buy_Now3 What_The_Hell_Did_I_Buy_Now3 Dec 15, 2011 10:05 AM Flag

    What's good for the common should be great for the preferred OKSBP

    This should allow the company to resume paying a dividend on their preferred at some point in 2012. They have only missed two dividends as of Dec 2011. The preferred dividend was 10.50% or $2.625 per year. Par value is $25. The stock use to trade at around $27 before the dividend was suspended. It traded at a premium because it couldn't be called until 09/15/2013. The bank was profitable through the whole crisis, except for the latest two quarters. I would think that they will report a large loss for the 4th qtr, and then profits in 2012.

    Preferred symbol is OKSBP, currently trading around $19

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