"Assuming Miller is correct about a "modest settlement," the patience of Regions Financial's long-term investors may be rewarded with a significant dividend increase during 2011. Guggenheim analyst Marty Mosby rates Regions a "Buy," with a price target of $9, and estimates that the company will raise its quarterly dividend from a penny a share to a nickel following"
1) Don't Cramer write for the Street" If so, Cramer fun, but doesn't seem right very often, so the Street loses credibility.
2) Not familiar with Guggenheim, so not sure on theirs either.
That said, consensus earnings is $0.77 for 2013, and $0.82 for 2014. Seems Region's, with some toe stubbing, is trying to get things going. I'd be happy with a 15% - 20% payout ratio (let them keep improving the balance sheet and get some real solid footing) for 2013 and 2014.
Conclusion, I would be happy for a bump from $.04 to $.08 - $.12 per share for 2013, and maybe if things keep going, $.12 - $.16 per share in 2014.
Me, with the current state of interest rates, I would be happy with a yield of 1.12% - 1.68% and a decent chance of rising share price for this year.