10/6/08 dividend cut 50% to 32 cents
1/15/09 dividend cut to 1 cent
WHERE's THE DIVIDEND ???????????????????????????????
I think they realized they raise the div the stock jumps to 15-18.00 a share. Then they start to pay too much on a buyback. I doubt we get past 14 for the next six months unless earnings are really really good. They needed to buy 10-15 billion in common stock to really get it moving. I am 100% is getting rid of ALL the prefereeds. That is what is sucking the cash out that the common is not getting.
I wanted a dividend on common as well.
What is worse is that BofA is redeeming their two best-yielding preferred issues—both of which I have piles of.
A share buy-back would be good if we believed the books, but we don't, and so that is why BAC trades at a discount to book value.
Anyway, I don't see the value being returned to shareholders.
It represents almost 50 cents per share increase in share price. If you don't see the value in that, then you are as dumb as your post suggest. That is way more shareholder value than a divy increase to 5 cents a quarter. It also will increase the EPS in QTR2. At a 10b+ share float, BAC needs to buy back shares. Or would you rather see the company do a reverse split like C? Don't answer. Don't tax your tiny little brain...
1,655.08184 shares. LONG you moron.
.05 div is bs when it was .64 then .32
A bigger div increase would be better for shareholders than a bigger buyback. I disagree with that but of course am glad to take any good news.
div of .20 would have been a nicer gesture imo