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U.S. Bancorp Message Board

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  • inaznow1966 inaznow1966 Sep 4, 2009 12:29 PM Flag

    Time to Raise Divi

    <<If he had a more sophisticated group of investors, if the bank was majority owned by Warren Buffett>>

    Well, Buffett owns almost 4% - and institutions and mutual funds own 66% - more than BAC...so I don't think the dividend is in place simply to pacify the rabble.

    I tend to agree that there are better things to do with earnings than paying out big dividends to shareholders...unless the cost of money to the bank gets cheap enough that they want to borrow - not the case at the moment.

    I think that the dividend is not heading up any time soon as USB wants to conserve cash for potential acquisitions or expansions and also to keep their capital levels stable in the face of uncertainty.

 
USB
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