I have owned FNB for a year and may buy more. Can anyone tell me why it dropped so much in 2004? Huge upside from here if it could go back to 2003 levels.
If I am not mistaken, around that time the original FNB split into two companies (banks) - new FNB and FLB. I think, FLB was mostly specializing in FL.Both companies had very similar logo for some time, but then FLB got bought out by FifthThird bank.The initial split into two companies was something like 51% FNB and 49% FLB.
I can see the large dividend paid and thank you, but can you tell me why they would have paid out such a large dividend?