Business

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

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