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.
BNY Mellon announced today that the company will give their investors a 44% dividend increase to $.13 per share.
BB&T announced on Friday that the bank stock is increasing their quarterly dividend by 7% to $.16 per share.
The big dividend increase from HP was completely unexpected since the tech company had not raised their dividend since 1998.
The Federal Reserve may soon allow some of the top bank stocks to raise their dividends.
Through the first nine months of the year, dividend payments have increased $18.5 billion.
A recent Barron’s report suggested that JP Morgan Chase could boost their dividend next year by as much as 45 percent.
One of BP’s largest shareholders, Newton Higher Income Fund, believes that BP is committed to restoring their dividend.
Dividend investors will be interested to know that RBC is forecasting a significant dividend increase by the second quarter of 2011.
Bank of America CEO Brian Moynihan was recently asked at a Sanford Bernstein analyst conference how large of a dividend increase should investors expect.
JP Morgan Chase has indicated that the bank will eventually increase their dividend payout to 30 – 40% of earnings.
Chief Executive Officer Jamie Dimon announced today in his annual letter to shareholders that JPM may raise its annual dividend to $.75 - $1.00 if certain conditions are met.
JP Morgan Chase announced today that they are slashing their quarterly dividend payment from $.38 per share to $.05 per share. The dividend will be payable on April 30, 2009 to shareholders of record as of April 6, 2009.