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Mr. Kanas said his bank's larger dividend and rapid growth should be attractive to Dime shareholders.
It is useful to those most in need in hard times, providing them an opportunity for larger dividend than tax.
AES said in a statement yesterday that it preferred a larger dividend from CANTV, of about $845 million, but this proposal was rejected.
Even as ordinary investors look forward to the prospect of larger dividend payouts by the big banks, another group is poised for a rich payday: bank chief executives.
Legrand preferred shares, which have no voting rights but pay a larger dividend than common shares, usually trade at a 45percentt discount to the common stock, but preferred shareholders said that smaller discounts were used in other recent mergers.
Critics have questioned whether these objectives will be attained and have pointed out that larger dividend distributions would tend to reduce savings and investment, because shareholders would consume part of the additional income received.
Similar(49)
Once their gains become tax-free, these property companies should be able to pay out larger dividends.
If your firm is currently profitable, as the newspapers were in the late 1990s, it might be better to just pay out larger dividends and plan for the firm to shrink gradually over time.
The larger dividends will also put billions of dollars into the pockets of big investors, like pension and hedge funds, as well as retirees who rely on the quarterly payouts as a steady source of income.
One result was a look at small policy changes that might create larger dividends, like the no-swearing policy, which was left to individual principals to use at their discretion.
In a letter to Mr. Antioco yesterday, Mr. Icahn threatened to take control of the company at next year's annual meeting if management did not curb spending and pay larger dividends.
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