Dividend Announcement Thread!

[fenders53]

(07-14-2020, 08:14 AM)EricL Wrote:

(07-14-2020, 07:01 AM)divmenow Wrote: WFC cuts divided to .10

That’s ugly.. wow!!

Glad I bailed on it last week, earnings were pretty horrible.

This may not be the last cut either. Another quarter or two like this one and it will get suspended entirely.

If the economy doesn't turn they are looking like a future acquisition target on the cheap.  WFC burned me 20 years ago with shady business practices.  They need a new culture fast but the damage is done.  Politicians don't care if they go BK.  They'd get no help if it wasn't for consumers getting hurt.  This wasn't a first offense and WFC made their own bed.  Just another yield trap many were sucked into. This one looked obvious for a long time.