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Valley National Bancorp Message Board

  • kokojie kokojie Apr 24, 2013 12:19 PM Flag

    Dividend cut imminent

    Earning missed, dividend payout ratio is now above 100%, can not be sustained. I believe at least a 50% cut is imminent.

    Sentiment: Strong Sell

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    • thats possible but unlikely given their established committment to sustaining the dividend in a couple infrequent quarters over the last several years where earnings dropped below the dividend level only to recover that ground in the following quarter. much of the "miss" can be attributed to the mark to market loss this quarter on trading investments vs. a profit last quarter of similair amount-- i.e. a wash over 6 months. Ire- established a small position last week below 10 and may look to add modestly when it settles in the next few days.
      Always open to contrarian comments. Might want to wait for the dividend announcement but that won't be till mid June.

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