Posts Tagged ‘dividend payments’
Citigroup Stock Costs Less Than Their ATM Fee
Friday, February 27, 2009 15:52 6 CommentsCiti Shares Drop Below Their $1.50 ATM Fee
Last week, we warned that Citigroup and Bank of America would most likely be taken over by the US government within 60 days. Our prediction proved to be optimistic by 58 days, in Citi’s case.
Last Friday, amid growing “rumors” and in an effort to calm investor fears, [...]
Citi Gets Nationalized; Don’t Call It Nationalization
Friday, February 27, 2009 8:28 2 CommentsBailout #3 for Citigroup
The Government has reached a deal to buy 36% of Citigroup’s common stock. The United States will now be the largest shareholder of the troubled bank (But don’t call it nationalization). Citigroup announced another huge quarterly loss. The firm lost $10 billion in the 4th quarter of 2008 and has suspended dividend [...]
Beware of the REIT Dividend
Sunday, February 8, 2009 16:29 No CommentsA recent IRS ruling will cause the dividend on REIT’s to disappear this year while costing the investor in taxes.
The December ruling allows REIT’s to skip on the longstanding requirement to pay 90% of pretax income to shareholders in cash. The companies will be allowed to keep the money instead of paying investors.
REIT’s can now [...]
