Wednesday, November 19, 2008

What a Sham: Habersham Bancorp Suspends Dividend

Habersham Bancorp, in the worst possible business right now unless you're on the golden list for taxpayer fueld government bailouts, has suspended its dividend. This is a move that will affect the income production or dividend reinvestments multiplier wealth as the stock price is depressed.

For new investments, I recommend when looking for yield, please consider the line of work that the underlying is in, their financial shape, and whether they may decide to retain more earnings to weather out the storm or just retaining them to try their best to stay solvent. I am not certified financial, tax, or investment anything, so the above is worth what the zero you had paid for it.

Related:
Dividend Cuts
Give Me Dividend or Give Me Death: Liberty Property Trust Cuts Dividend
The Rock is Chipped: Prudential Dividend Cut Nearly in Half
Fixed Income, Difficult to Come In?

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