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56Chevy

02/17/13 9:13 PM

#19 RE: Enterprising Investor #18

I hadn't looked at it that way but that does make more sense EI.

ABNK isn't the only one. Perhaps bankings' BoD's in general cannot resist the pre-recession business model of paying dividends. Old model's die hard.

Bank dividends peaked between mid-2007 and mid-2008, just months before the financial crisis boiled over with Lehman Brothers Inc's Chapter 11 bankruptcy filing in September 2008.