Anyone have any idea if they are going to raise the dividend to $.41/share quarterly?? Looking at the past, they seem pretty consistent with raising .03/share per quarter every year. When would they announce such a thing?? I would've thought today. Very happy to have picked up this company for long-term, 10+ years hopefully. I can definitely sleep well at night with my money growing with this one.
If you are a buy and hold person, look at Sharebuilder (and purchase it through BB&T's website). Only $4 to purchase stock, and the dividend reinvestment is free. Only $15 annual fee regardless of the balance.
Thanks again for the input, it is appreciated. I will most likely try something to help make my money work for itself so I can watch it grow. I had owned a bank stock previously for about 15 years, before it was purchased, and it was quite amazing to see it just grow upon itself. I also owned CTL for quite awhile, as well as CLX, in the past, and they did quite well with DRIP's.
For a long term investment you might consider checking buying through BBT Corp. Trust, a very small fee per buy transaction and no fee for REIP. You may have to make several inquires, half the employees do not know this. Most are referred to BBT Investments.
Very wise, thank you for that. I've been trying to find SOME way around it. Thanks for the info on the conference call as well, hopefully this is the beginning of a good year for them after seeing that last year was a bit tough at times. Thanks again for everything!
Thanks Fan, good points on being bought. This is much larger than the other banks that I'm used to having around me up here. As for the dividend reinvestment, I wish I could, but I used Scottrade to purchase this stock, as well as a couple others, and they told me they are unable to automatically reinvest for me, without fees. I went with Scottrade because they don't charge inactivity fees, and I am a buy-and-hold person, so that appealed to me. I only found out AFTER the fact that they wouldn't reinvest for me. I'm guessing that I will have to hold onto the dividends and either request a check and invest in bonds, or let it accumulate until I have enough that it's worth it for me to pay $7 to purchase more.