The share price isn't bad enough that these idiots went ahead and cut the dividend.
I hope the cut the Bonuses and perks too; if "NOT" then this family / Home Friendly Bank is getting just as bad as the others and it is time to take your money somewhere else where they pay out a fair div. price. ATO, BKH, LEG, PH or any number of other successful Dividend paying Companies.... Geeees; what idiots to take a good bank and turn it into the same old home savings, national city, first place exchange corporation.
You can place all the financial jargen and twist it anyway you like;
Bottom line; they have taken and excellant local bank that paid out and excellant dividend to many fixed income shareholders and drastically CUT the PAY OUT yet, still award the upper exe the same bonuses and perks.
This stock share price was also affected from those drastic dividend cuts..........
THE AVERAGE SHARE SELL IS 1500 TODAY 15000 SHARES WERE DUMPED AS THE PRICE WENT DOWN TO $4.25 THATNKS TO THE DIVIDEND CUT I'M SURE...
WILL THE BANK EXE. CUT THEIR SALARIES NOW ALSO THAT THEY CUT THE DIV.
Many retirees that had accumulated 10,000 shares over the years and counted on the fair dividend .12/.14 cents time 10,000 was $1200./$1400. dollars a Q. then cut in half to $600. a Q. and NOW = ONLY $300. q. THATS ONLY $100. MONTH FOR THE FIXED INCOME RETIREES. The executives should be hiding their face from the investors and ashamed to cash their checks IMHO.. Greed isn't good when it is only for a few, that is what got this country in the mess it is presently in.
ALL SHAREHOLDERS NEED TO EXPRESS THEIR OPINION AND DEMAND A CUT IN SALARIES AND PERKS ALSO.