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First Busey Corporation Message Board

  • redrocknev redrocknev Oct 24, 2009 5:19 PM Flag

    Dividend Cut Again

    Annoucement of .04 dividend down from .08 in July, down from .20 last year.

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    • Not sure what your point is, RedRock. In light of the recent underwriting and pre-announced Q3 loss, this dividend is no surprise. If anything, I was expecting .01. As a percentage of the stock price, it's about the same as historical for the past few years. In dollars paid out, it's slightly less than July. And if their statement that loan loss provisions should return to "near normal" (my phrase) starting in Q4, it's fair to assume that the dividend - and the stock price - will nudge back up over time. I don't expect to see .20 (or 20) ever again, but this doesn't worry me. Cool?

18.71+0.24(+1.30%)Feb 12 4:00 PMEST