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The BP chairman, Carl-Henric Svanberg, called the dividend level "prudent".
"Clearly, actions beyond resolving our operational issues are required, including major cost reductions, asset dispositions and a review of the dividend level," Paul A. Allaire, Xerox's chairman, and Anne M. Mulcahy, its president, said in a joint statement yesterday.
He said the bank would "return to a more normalized dividend level as soon as practical," and hoped to repay the $25 billion it took from the government's Troubled Asset Relief Program "at the earliest practical date".
They find that there is a significant negative correlation between institutional ownership and distributed dividend level.
Shell declared a dividend of 42 cents a share, but its CFO added that the company could freeze the dividend level in 2010.
Wells Fargo will "return to a more normalized dividend level as soon as practical," said Chief Executive John Stumpf John Stumpf.
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I think there could be some erosion of dividend levels; we'll have to see.
In the US, dividend levels have trebled in real terms since 1957.
A dividend cut is a very public statement of corporate weakness.In this section The odd decouple Wiggle room The smoking greenhouse gun Divvying up returns Digging in Candover and out A tamer casino War footing ReprintsSo what do current dividend levels tell us?
Nonetheless, the company continues to present extraordinarily high dividend levels and impressive sales growth.
A close look at the plan shows that dividend levels don't determine the tax benefit.
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