stock dropping like its going to lose its high dividend
is divy cut a possibility? If all they earn is about a $1.00, how do they exist in a functioning business? I wish mgmt could be more transparent about divy. I dont mind they cut it to 80cents vs a $1.00 but I sure dont want .50, there are better bank divy's out there!
Thought you were moving on .....At least you said you were The dividend cut is the argument the short sellers want to see on the board It comes up every quarter and for 40 quarters the bank pays... You said this when the stock was 12 then 13 then 14 then 15 then 16 then 17.25 Ho Hum
Their earnings are after depreciation. Divi is based on cash flow. I have not liked the action lately. Went down on the big sell off - but did not come back. Was their anything said by management. I doubt that they would lower the divi unless there was some serious problem - which I don't see but maybe I am missing something. I am going to hang in there and not panic. Not buying more - but hanging in there.