Dividend doldrums

January 3, 2009 at 9:59PM

DIVIDEND DOLDRUMS

A number of the nation's largest banks reduced their quarterly dividend payments to shareholders this past year in an attempt to retain cash amid soaring loan losses. Among them:

Bank of America

Current dividend32 cents

Previous dividend64 cents

Change-50 percent

Citigroup

Current dividend16 cents

Previous dividend32 cents

Change-50 percent

KeyCorp

Current dividend6.25 cents

Previous dividend18.75 cents

Change-67 percent

Zions BanCorp

Current dividend32 cents

Previous dividend43 cents

Change-26 percent

SunTrust Banks

Current dividend54 cents

Previous dividend77 cents

Change-30 percent

Source: SNL Financial

about the writer

about the writer

More from Business

See More
card image

Clinics are offering telemedicine and house calls to patients who won’t leave home during the federal immigration crackdown and are running out of medicine and food.

card image