Friday, October 24, 2008

Bank Dividends: History

Noted by Ritholtz:

"Read the fine print -- The $250 billion bank recapitalization effectively ends divdiends. If they took the cash -- and they all needed it -- there are no divvies paid until the money is paid back. No common dividends, no preferred either (though they will accumulate)."

So M&I is going to take the bailout money?

And stop paying DIVIDENDS???

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