If you are not happy with BB&T there are plenty of people who will buy it. Just sell and find a company that makes you happy. May 2nd will make me happy because BB&T will send me a check......much better than CD rates
>> I hit the wrong button. Was not referring >> to kfh227, but to those who are bad >> mouthing BB&T
And I jsut read that, so the previous post probably makes more sense now :)
I know alot of long term income/value investors and I ran BBT by them. Atleast one has owned for a while and said I was not making any mistakes in my assumptions, which you (bingo37_98) seem to reaffirm.
"May 2nd will make me happy because BB&T will send me a check......much better than CD rates"
I would tend to disagree with your statement which is above. The timing of your buy would make a lot of difference. Example: if you bought 12/31/1998 at end of day price per share you would have bought at $40.31 a share.Today's closing price was $37.08 a share. Total dividends paid which include the one you reference in May are $6.95
$37.08+$6.95=$44.03 $44.03-$40.31 =$3.72
Total return for over 6.25 years would be $3.72 on an investment of $40.31. This would be less than an annual return of 1 and 1/2 per cent.
One would have been better off with their money in a CD over this time period.