They missed earnings previous quarter and last quarter was extremely weak.
Will they be cutting dividend by half or to zero next quarter?
2 replies (most recent on top)
They already cut it to 10%. If they were going to cut it completely they would have done it then.
Nope, The gov't tied to the prior 4 qtrs. earnings. Earnings were down this last year obviously because of COVID, large accruals for loan loss reserves, and rates tanking. They will go back to normal very soon, along with huge stock buybacks. Losses never materialized so most those large accruals will also be reversed and added back to income over time.