Items Tagged with 'Dividends'


  • Expert: Big banks will pass stress tests this year

    To receive approval to increase shareholder dividends
    As the Federal Reserve prepares to announce the results of the annual stress tests for banks in June, one expert is already predicting banks will pass. While the test might be harsher, and potential losses may increase, this expert says banks will still pass, and be allowed to raise their shareholder dividends.
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  • Wells Fargo Slashes Dividend Amid Rising Loan Losses

    Wells Fargo & Co. [stock WFC][/stock] became the last major commercial bank to cut its dividend amid mounting pressure from bad mortgages and related loans on its books Friday morning, cutting its quarterly common stock dividend 85 percent, from $.34 to $.05 per share.
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  • Mortgage REIT Insider: Dividends Dry Up

    The commercial real estate bust continues to take its toll, particularly for the New York-based commercial mortgage REITs. This week, three of the major commercial mREITs announced that realized taxable losses had all but eliminated their dividend requirements for the rest of the year. Arbor Realty Trust [stock ABR][/stock] cut its third-quarter dividend to just $0.24/share, a 61 percent reduction in its quarterly payout. That payout will be Arbor’s last dividend for 2008, as the company doesn’t plan to pay a fourth-quarter dividend.
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  • Mortgage REIT Insider: Agencies Gain on GSE Bailout

    The bull market may be back for the agency mREITs. Credit Suisse bumped Annaly Capital [stock NLY][/stock] and Anworth Mortgage [stock ANH][/stock] to outperform, citing the removal of "GSE overhang," and removal of supply/demand imbalances in the MBS market. Bose George over at Keefe Bruyette also chimed in earlier this week, reiterating his outperform rating on the entire agency mREIT sector.
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  • Mortgage REIT Insider: A Few Deals Still Getting Done

    As reported by HW on Wednesday, beleaguered Wachovia Corp. [stock WB][/stock] is selling off a $40 million portfolio of distressed residential construction loans to LandCap Partners. LandCap Partners is a 50/50 joint venture between Goldman Sachs’ [stock GS][/stock] Whitehall Real Estate Funds and commercial mREIT NorthStar Realty Finance [stock NRF][/stock].
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  • MBIA Freezes Structured Finance Business, Wipes Dividend

    Talk about putting a market into the deep freeze. MBIA Inc., the nation's largest bond insurer and one of the giants in the mortgage-backed securities market, said yesterday that it has suspended underwriting any new structured finance deals pending a possible split up of the company.
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