TITLE

Payouts: What Goes Down Won't Go Back Up Quickly

AUTHOR(S)
Davis, Paul
PUB. DATE
February 2009
SOURCE
American Banker;2/2/2009, Vol. 174 Issue 21, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that banks which received funds from the U.S. Troubled Asset Relief Program (TARP) bailout will not likely be able to increase stock dividends once the financial crisis eases. Many of these banks cut dividends in 2008 to cope with the crisis. Terms of TARP forbid them to raise dividend payments without approval of the Treasury Department.
ACCESSION #
36462772

 

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