In my opinion they will announce a dividend as soon as they are allowed to announce one, and will come out with a bang meaning an increase to make up for lost time. This is pure speculation on my part based upon rumors that the management has been very frustrated byt the whole MOU / Regulatory process. This bank has huge capital rations (well beyond the peer group) and should never have been under an MOU.
The regulators caused this stock to drop and management will move as quickly as they can to bolster the value of the company in the markets eyes.
management of this company is lack lustered, to say the least. they have sat on their #$%$ and done nothing to fight the mou. there is absolutely no plans to do a second step. the dividend waiver rule does not bode well for mhc's.
i had a very large position that i accumulated over time with a cost basis of somewhere around 8.60. for over 1 year i have been waiting for "the news" and it finally came, well, some of it.... i sold out the other day because i made decent money on the trade, but more importantly i feel that there wasn't that much more juice left in this one. i would rather have cash to take advantage of new opportunities than try to squeak out another .50 from here. i was so happy to get out of here because this stock it a true dog. many other positions that i have or recently disposed of:ofed, pbip, pbsk, asbb, peop, obaf, peop, htbi and a few others were up 25%, 30% and some even 40% in the past year where as tfsl may have been up a meager 6% last year. come on..... i hope for everybody elses sake this one gets to 12 buck but with the stock at 84% tangible book value and nfbk pricing at roughly 84% for their second step, i don't see where tfsl can run to. i see this stock being in a range of 9.50 to 10.50 for a long time.