Nice ; simply put nice ; they are telling us that they have so much capital on deck that they can afford a dividend for us ; and up we go again Thursday
Sentiment: Strong Buy
I absolutely love RDN, but dividend is mere $0.0025 per qtr. They have about 134M outstanding shares, so the total payout is less than $340K per qtr.
$7.25 tomorrow to finish a great week..
Its not about the total dollar amount its the statement they are making.
With all the state and federal agencies looking at them, to able to pay even this modest amount is them saying hey we are okay and will make it.
No gov agency would allow them to even consider a divy if they thought for just one minute they would not have the appropriate capital ratios.
My take on the divy.