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?