Thursday, January 13, 2011

Banks Are Poised to Pay Dividends After 3-Year Gap

Financial analysts say that America's big banks are going to begin giving out dividends again for the first time in three years while they were repairing their ruined balance sheets. This comes after their second straight year of profit increases.
This will raise income for many retirees and pension funds - people who considered the bank shares a secure source of income. As an example, JP Morgan had a dividend payout of $1.52 per share before the crisis and now only has a 20 cent dividend rate.
JP Morgan Chase will be the first to report their financial performance , followed by Bank of America, Citigroup, Goldman Sachs, and Wells Fargo.

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