Well, held the $8 mark for the day. Tomorrow should give us the Dodd Frank report, and next week the CCAR report. After these we can hopefully get a glimpse from RF on how they plan to allocate monies to share holders, buybacks and dividend increase. Hoping we hold, maybe tick up from here through Friday.
Still hoping for a dividend increase to $.10 - $.12 per share, but $.16 wouldn't kill my thought process. Still low payout ratio, room to buy back shares, and build the company's foundation.
Here's to what may be an interesting 10 days or so.
Dang, tried more than a couple of times, just can't bust it. Stress test coming up, maybe a dividend more than I would want will be needed. Would have been happy with a dividend of $.10 - $$.12 per share, but might take a boost to $.16. Figure stress test, pass, dividend boost a given. And, hopefully some share buybacks.