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The Bank of New York Mellon Corporation Message Board

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  • ronmanbk ronmanbk Jan 8, 2008 3:39 PM Flag

    Dividend Announced

    Same old cheap bastards. Probably Renyi's call for now. And let's not get confused with the other banks that find it necessary to cut their dividends like Citi, BAC, Wachovia, etc. Their dividend yields run anywhere from 6.5% to 7.5%. Even with a 40% cut, they will still be paying double what BK is paying. It time for a special dividend or a split to help reward the stockholders who have gone sideways for much of the 8 years Renyi etal have run the business. Hopefully BK (Bob Kelly) can somehow juice up investor confidence and get the stock price where it belongs ($60 +). From old time BK warrior of 37 years, Happy New Year to all and let's look for better returns. Still can't forget Carter Bacot, Bless His Heart. Ronmanbk

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    • think i'd rather have a 2% div on a stock that is 5% off its yearly high than a 7% div on a stock that's off 50%.

      but that's just me.

      • 1 Reply to dcf4141
      • Just my opinion but I'm not too concerned with powerhouses like Citi, BAC, Wachovia, etc. All of these will come back strong and I think the probable decreases in their dividends will be temporary, and have already been factored in to their current dismal stock prices. Even with dividend cuts, these banks will still be yielding about 4.5% with a tremendous potential upside. A year from now, we'll all be saying why didn't I jump on these banks. Again, just my humble opinion. And I still love BK a whole lot.

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