SPDR S&P 500 (SPY): Wamu... Wow, why bother with any dividen...

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learningboutinv

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learningboutinv

Re: None

Wednesday, 04/16/2008 12:47:40 AM

Wednesday, April 16, 2008 12:47:40 AM

Wamu... Wow, why bother with any dividend? 1cents? Might as well try to shore up the balance sheets and give none.

In December 2007, they changed the dividend rate from 56cents a quarter to 15cents. Now 15 to 1cents.

I'd be pissed too if I bought in at $45 and now my stock is worth $10.

http://money.cnn.com/2008/04/15/news/companies/wamu_earnings/index.htm?section=money_latest

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