I understand the dividend. But the bank stocks that fell 90% have a lot more upside than Peoples. Peoples management is committed to keeping its job, but not much else. While the stock has been relatively stable, the dividend doesn't cover the 25% it has fallen since the offering. The stock is a loser, just hasn't lost as badly as other bank stocks. The real question is: How does it look going forward? Is it going to double? Many other bank stocks are going to.
I agree with the last post. BAC is going to triple or better. Citi will probably be a 10 bagger over the next 3 years. People's may double. I would do better to sell this today and put it into the Hartford, Lincoln, BAC, C, and wait for my profits. At least when the market goes up those stocks go with it.