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BAC at $11.96/share...10.7% dividend yield at the reduced dividend

Started by Lard, November 20, 2008, 02:21:28 pm

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Lard

November 20, 2008, 02:21:28 pm
what do you think?
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

"Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost." - John Quincy Adams

RazorHog14

November 20, 2008, 02:48:33 pm #1
They're going to cut the dividend.
 

Lard

November 20, 2008, 03:28:12 pm #2
Quote from: RazorHog14 on November 20, 2008, 02:48:33 pm
They're going to cut the dividend.
Why?  They are still profitable and the last dividend cut was the first in their history and was associated with the acquisition of Merrill.  I'm not so sure they will cut the dividend.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

"Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost." - John Quincy Adams
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