Both Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) also have processes in place to help themselves reduce costs and lighten their loads, so the same goes for them. With the banks in transition mode from crisis aftermath to fully functional, they may be looking for the right mix of profits and operational accomplishments before doling out the cash to investors.
Don’t take the absence of a dividend or small payout as a sign of weakness. All three businesses have made big strides to improve their underlying operations, with plenty of proof in the pudding. As a Foolish investor in it for the long run, a dividend can be an added bonus to the benefits of investing in a great company with staying power. These guys are just trying to live up to your standards before shelling out the cash to reward your patience.
The article The Dividend Waiting Game originally appeared on Fool.com.
Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool recommends American International Group (NYSE:AIG) and Wells Fargo. The Motley Fool owns shares of American International Group, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo and (NYSE:WFC) has the following options: Long Jan 2014 $25 Calls on American International Group.
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