Do you see any chance of another dividend increase this year? KK maintains this as a high priority and seems empathetic with those of us relying on them. Earnings would seem to justify an increase to.25 before the end of the year.
Any dividend increase will have to be approved by the Fed. The pattern has been one increase per year.
Last qtr. the payout ratio was 28% before one time charges and 33% based on the bottom line.
I think quarterly eps going forward will increase significantly and approach $1 per share by the 4th qtr. Without a dividend increase, this would put the payout ratio well below the stated objective of 30 to 50%.
So I don't have an answer. Does bbt submit another increase to the Fed in 2012?