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Bank of America Corporation Message Board

  • munda51 munda51 Jun 12, 2008 3:37 PM Flag

    Both Ken and dividends should go.

    Dividend cut and CEO change are needed at this stage. BAC cannot afford to pay #2.56 dividend on a $29 stock. *.5% dividend yield is unrealistic. May be bad news is still not here yet.

    BAC needs someone new who does not have to keep past unachievable promises.

    I think this KEN should also leave so that BAC can move ahead!!!

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    • At $60 price level BAC could pay $2.56 dividend to yield 4.3%, comparable to its peers then.

      Now it cannot afford to pay #2.56 dividend on a $29 stock tielding 8.5% while its peers have slashed their dividends and market interest rates also have come down.

 
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16.36-0.08(-0.49%)Aug 28 4:02 PMEDT