Poor Bank of America is watching its stock price drop fast and they have no real dividend to help prop up their share price.
Mad Money host Jim Cramer believes that bank stocks have become public enemy number one and are now being treated like tobacco stocks were in past years.
Bank of America announced today that investors should expect no dividend increase from Bank of America this year.
The big dividend increase from HP was completely unexpected since the tech company had not raised their dividend since 1998.
The bank reported a fourth quarter loss of $1.6 billion, but Moynihan believes the company will be in a position to increase their dividend later this year.
The Federal Reserve may soon allow some of the top bank stocks to raise their dividends.
Dividend investors should take hope that Bank of America could raise their dividend next year.
One of BP’s largest shareholders, Newton Higher Income Fund, believes that BP is committed to restoring their dividend.
Investors may be surprised at this list of 7 Dow laggards with compelling dividend yields.
Dividend investors will be interested to know that RBC is forecasting a significant dividend increase by the second quarter of 2011.
By buying a dividend stock with a 7% yield, you stand to double your investment in a decade even if the stock price doesn’t budge.