Call me stupid but a penny a quarter is 4-cents annunally right? From 60 to 64 cents. BAC .04 annunally, Wells Fargo .20 annunally, JP Morgan Chase a year .20, Citi and PNC Bank N/A. Citi still in the red on TARP repayments. Which bank would you rather own? .04 annunal increase sure beats a poke in the eye!
Gotta' agree with you, Wigg. When you didn't cut the divident as drastic as the others...you shouldn't have to raise it the same amount. They are a cautious/consevative bank. That quality is what got them through the downtown MAKING A PROFIT EVERY QUARTER. What exactly don't people understand about that? If you don't like the conservative nature, jump ship.
POKE IN THE EYE???? Well, I guess FOUR CENTS ($0.04) would be better - - Especially since we already got POKED somewhere else by KK's NEW SALARY!!!! Good Luck to all us bagholders - -Care to go SNIPE-Hunting ANYONE????
You have got to be Sh.t'n me. I would think it would have been better to not do anything and say we're waiting till June instead of cheaping out @.01. Makes it look like they are throwing a small bone to the little peaple. Don't think this will do much for share price.