ARE THEY SERIOUS OR JUST NUTS?
So all the banks are hurting for capital our economy is not growing on the contrary it is shrinking and this management decides that the best option for the (C) bank’s future is to pay out a large dividend, Are they serious. I ask this: How are your books, open them up. Don’t tease me with a divi and then later down the road stick it to me with more writedowns and more dillution by raising more capital. Show me the books!! Be a grown up about it already. The street would respect you more if you came clean. I ask again, Citigroup (C) where is ur head? Wonder if they are just looking for a pump on their stock, makes me wonder why.
April 22, 2008 at 3:04 am
What do you mean “Hunting for Capital” ? Citi has money to give out!!! .32 Dividend declared today. Citi back to 30.00 in a few days!
http://www.reuters.com/article/marketsNews/idINWEN508220080421?rpc=44
April 22, 2008 at 3:50 am
It leaves the mind spinning for a (C) a bank in such an enviroment to issue a dividend. As an investor if you are one, would u not rather see them in a strong finacial situation? Look at the sector, they are all in need of funds. Now, the funny thing, they raise 6 billion and issue a .32 dividend that is an expensive divi for shareholders.