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Banks Poised to Pay Dividends After 3-Year Gap

By Implode-Explode Heavy Industries

``As the financial crisis worsened in 2008 and 2009, all but a handful of financial institutions cut their once-lucrative dividends to just pennies a share, hurting ordinary investors who had come to see them as sources of income. JPMorgan, for example, now has a dividend of 20 cents a share annually, down from $1.52 before the crisis... ?The return of dividends signals that the banks are back, and the Federal Reserve wants to inspire confidence in the marketplace so that banks lend more.? ''

Full post as published by Mortgage Lender Implode-o-Meter on January 15, 2011 (boomark / email).