Word: dividend
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...monstrosity that the stock market has made it out to be. It may cut its dividend or lose its precious credit rating. Its financial service businesses may post large loses. But, it should not trade like a money center bank that the federal government is about to nationalize...
...opposite end of the spectrum is the still reasonably healthy JPMorgan Chase, which announced Monday that it is slashing its dividend 87% - in part, said CEO Jamie Dimon, to enable it to buy back as quickly as possible the $25 billion in preferred shares the government purchased from the company in October. That would free JPMorgan from government-imposed pay limits and other pressure from Washington and allow its shareholders to profit more fully from a financial rebound. (Read "How to Know When the Economy Is Turning...
Macy's said it would lay off 7,000 people, cut its dividend by about 60%, and begin a tender offer for some of its debt...
...some investors, dividends are a substantial part of their incomes. For retired people a loss of dividend cash could mean the loss of the ability to pay for housing or essentials...
...dividend cuts move from company to company, more capital is taken out of the hands of consumers who already have barely enough cash to make ends meet. It is another one of the unforeseen domino effects of the growing economic turmoil. And, it is another hole for the stimulus package to fill...