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Hudson City Bancorp, Inc. Message Board

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  • thriftmkt thriftmkt Mar 29, 2011 3:35 PM Flag

    Taking a $1.30 hit on earnings due to

    btdard -

    HCBK cannot announce the dividend until (i) the regulators condone in light of the MOU and (ii) the BOD approves.

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    • It appears these guys have been working VERY closely with the OTS for quite a while now, so trust me, the regulators are already aware of what's coming. As for the BOD's approval, if they were going to maintain the current dividend level, and knowing how important the dividend is to the majority of their shareholders, I'd have thought they would have been prepared to include a statement as such in yesterday's announcement. The fact that they didn't speaks volumes.

      I'm still LONG a couple thousand shares here, so I hope for the best for all the other LONGS. I just believe based on the actions these guys are taking, and the statements they're making (and not making), that it's going to get worse here before it gets better...

      Good Luck!

10.12-0.07(-0.69%)Oct 30 4:00 PMEDT