Do you guys agree that BAC should buy back half of its outstanding shares on the open market before they increase their dividend? I feel that now is not the time to give out a dividend payment when they should buy back 50% of their outstanding shares which is too much.
Again as I last stated, I am holding BAC stock which is a long term investment. All dividends are reinvested and the lower the stock the more stock I get. I would rather get a larger dividend before share buy back. The lower the stock price the more stock I get. In a way that's removing stock for repurchase or similar to a bank buy back. I would like to see a $3 stock price and a 20 dividend.