I'm expecting a dividend increase for the first quarter of 2012. Let us hope. Most of us sitting on share losses, so at least a little dividend raise would be nice. I guess it is time for 18 cents? Anyone think that 20 cents is a possibility?
This sleepy company is well capitalized, trading below book and still below the price that it issued shares during March 2011. Its earnings are decent, earnings are around $1.80/share. Certainly, they can pay us another 2 cents/quarter in dividends (4 cents may be too big a jump). We wait for this bank to be sold
someone bought almost 3,000 shares today at 15.95. Not sure how they could get that many shares.
yield to the purchaser is over 4%, and buying a discount to tangible book value. P/E is under $10, and as someone mentioned, we should see a dividend increase next quarter to 18 cents. If that is the case, the yield to the purchaser is 4.51%. Sweet for a long term hold.
Today, I got another dividend posted to my account. I'm in the dividend reinvestment plan with my broker and bought additional shares at $15.48.