Comments on: Bank of America (BAC) Cuts Dividend By 50%

By: MG (moneygardener)

MG (moneygardener) — Tue, 07 Oct 2008 18:01:00 +0000

To each his own I guess…

By: Dividends4Life

Dividends4Life — Tue, 07 Oct 2008 14:05:00 +0000

MG: Your question is the subject of my post next Tuesday. As a preview, the short answer is once a stock cuts its dividend it no longer meets the objectives of my income portfolio and it has worked for me in the past.

Best Wishes,
D4L

By: MG (moneygardener)

MG (moneygardener) — Tue, 07 Oct 2008 12:25:00 +0000

I wonder why you would sell into weakness?

By: passivefamilyincome

passivefamilyincome — Tue, 07 Oct 2008 02:09:00 +0000

I must say I was disappointed when I heard the news this evening but I guess it is no surprise.

By: Dividends4Life

Dividends4Life — Tue, 07 Oct 2008 01:56:00 +0000

Mike: The way the stock is dropping, its yield may be higher than 3.5% in the morning.

I have two massive Excel spreadsheets that I use to track all my financial information. Take a look at the D4L-Portfolio.xls on "Tools" tab above. Ironically, the sample data in it is BAC.

Best Wishes,
D4L

By: Mike Ecker

Mike Ecker — Tue, 07 Oct 2008 01:32:00 +0000

can’t say I did not see this coming but @ 3.50% or so it still a great Divd. for the long run. Do you have aexcel form to track each stock

Thanks
Mike