Previously, it was 45%. So, instead of being paid almost $1 per year we're getting twenty cents... Unnecessary regulation & the Democratic-controlled government shaking out the industry for money are taking four times what we get!
Besides, I sure like you to show where BAC's quarterly earnings are at $.50, which is the amount you suggest by saying the dividend is 10% of earnings.
Sorry, but at this point in time, BAC doesn't have the earnings to support a $1 per year dividend. Times now are NOT the same as they were when the bank was paying $.64/quarter.