Bank of America Corporation Message Board
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Dividend Increase...
Vote and approval by the BoD will be next month.
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Know one knows if BAC even asked for an increase in dividend. However, I distinctly remember the CEO saying saying we submitted our plan (the rest is up to the sec). This makes me believe that they asked for an increase. But along those lines the sec wants steady proven earnings before granting dividend increases.
My guess BAC asked for 4 cents a quarter (why bother increasing it another penny) and sec may give it to them since they have excess liquidity of $1 a share. But, BAC is rapidly growing again and I think sec allows 4 cents a quarter and $2 billion buy back.
We should be at $14 late March, after dividend increase and BAC starts to buy shares.- 2 Replies to nasa_rss
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I think we might be in for a bigger positive surprise...How about a spin-off of Merrill Lynch...Stock market at highs...Good timing...
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The SEC does not regulate banks.
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That is not ALL it will take for BAC to up the dividend or do buybacks, it also and most of all requires regulators approval and since BAC is not yet showing consistant earnings it may not happen yet....though I am hoping it will.
- 1 Reply to gamblin09
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gamblin09: The dividend increase will be voted on by the BoD in March. BAC has no issues with the stress test and has all the capital levels required even under Basil II. Earnings are sufficient to support the dividend increase.
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