The dividend is your own money.
Take a look at share price over any time period. 1 year, 3 year, 5 year, it doesn't matter, the dividend does not even cover the falling share price. Also, the dividend is approximately 85% of earnings and that is not even sustainable. No company can maintain a dividend greater than 50% of earnings so it is easy to see a dividend cut coming here. The 5% that some people here are talking about is an illusion. Look at your shares, with reinvested dividends, over any time period less than 10 years, and pbct is a loser. The conference call was full of contradictions, Are we growing or buying back? Turns out there is a growth story for investors but we are buying back to vest options for the people in the board room. This company is dead.