I would, if you flipped your digits around and this was going to $52 instead of $25....that is anemic for a bank that has not yielded any real return for 13 years. We need to see some catalyst for growth and innovation to make something really happen for this stock. I really pity all those employees who have kept pouring their hard earned money into BB&T stock and have nothing to show for it after a decade of service. I wonder if the bank let's them buy the stock at a discount for their 401ks?
I had to check the history and employees that had any meaningful money in the stock 10 years ago have received $13.82 in dividends. Your right that the stock hasn't done all that much since then but most banks have always been considered dividend plays until recently so in terms of getting what was expected they have over 50% profit on anything invested that long. Sure there are better investments but if you look at what happened the last few years BB&T has done rather well.
Funnie Bucket I am in mining stocks at $4.00, currently trading at $50. Either another double or down to $25, I dont know...but i am getting a 9% dividned on the stock so i dont care much.
i exited all my gold, dude, i bought 410 and 535 and 640, sold every bit of gold at the 1340-1375 area, get out, we are going well below 1225, who the heck knows, maybe 1100 area before we reassess
On the dividend side, here are KK remarks - remarks aren't exactly straight shooting, targeted, purposeful. Kinda, maybe, hopeful sounding to me....
Yeah, Kevin, that’s a major discussion issue for us, and probably most big companies. As you well know, dividend strategies are important to us, just because of our substantial level of retail clients. So you know, we want to be, frankly, one of the early ones to see some type of dividend increase. I would remind you that we have the second highest dividend yield in our peer group today, but we’re unlike a lot of our peers, because we were the last to cut, and we cut it only $0.15, and we already have a $0.2 ½ dividend yield, but I think you can begin to think about us being probably one of the earliest ones to raise -- our actual incremental rate may not be as much as others, just because of where we already are.
That having been said, the issue, as you all know, Kevin, that we have to look at is we need to continue to see more clarity in the economy, I think you’ll see a lot better clarity after the election. At least from my point of view, I think you need to see continued, improved loan quality, trends we are seeing, but we still have to see this regulatory capital issue resolved, you know, around Basal III, we’ll be getting more information kind of almost by the day, but we need to kind of let them settle in on what that’s going to be before anybody can make a decision. So I’m pretty optimistic as we head into next year, or the next few quarters, we’ll be in a position to consider a small dividend increase, I think we’ll keep our yield at probably a very attractive level, relative to others, and we’ll just have to take it a quarter at a time. I don’t want to mislead anybody, the truth is, today we just don’t know. There’s still uncertainty. But it’s a lot more certain today than it was six months ago. "
You "glass half-full" ers must not have listened to the CC. OREO chunks being "recognized" at different valuation levels and puked onto market, with more to come. Florida? Texas? No JA? Yikes!
Stock is at $22 for a reason, a lot of folks want out!