Just got another call from shareholder services. The person explained to me what was said during the meeting (Motley Fool article). She said that Kelly is committed to deploying capital in the following order: organic growth, dividend increases, acquisitions and buybacks. She said given the current Fed scrutiny (some exam that I can't remember the name of) their only option MAY be the last option (which she said is not a bad option, but would be their last choice). She affirmed that Kelly's priority is to get the dividend back to the previous level, but has to work under the Fed constraints.
I called Shareholder Services today to let them know that this shareholder wants a dividend increase vs. buyback. Kelly King promised to get the dividend back to the previous level as quickly as possible. Is there a reason they can't do this?