July's announcement of a $0.01/share increase in dividend payment when price was around 19 was a strong statement. However, full disclosure of losses in home equity loans and mortgages has yet to be made. Indeed, hold onto your skivvies!! SP
I dont think they are going to cut it. I believe they will maintain it where it is. Remember, they are hard pressed to lower their divy since they have increased it for the last 37 years. Many banks haven't even been around that long. John Allison would not want to cut the divy right before leaving the company.