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Bank of America Corporation Message Board

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  • munda51 munda51 Jun 13, 2008 8:43 AM Flag

    Both Ken and dividends should go.

    At $60 price level BAC could pay $2.56 dividend to yield 4.3%, comparable to its peers then.

    Now it cannot afford to pay #2.56 dividend on a $29 stock tielding 8.5% while its peers have slashed their dividends and market interest rates also have come down.

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