Darrell,
When things seem too easy, they usually aren't, but I guess we will go down together here because I am believer. I have been in and out of ONE the whole way down trading it on the long side. I have done well, but this last time I got my fingers caught in the cookie jar. My average price is 28.93 on 3,500 shares. My best trade was from 32 to 39. My worst was from 33 to 31, believe it or not the rest were winners. I would say we could trade as low as 24 which would make the yield 7% while we wait, lower than that and I think I will even start panicking. I am not buying the other 1500 shares I want to own until it hits 24. If not I will sit with what I have. I would say that the dividend will continue, but never say never. The news release is at the bottom.
Have a great weekend,
Rob
CHICAGO, Jan. 18 /PRNewswire/ -- The Board of Directors of BANK ONE CORPORATION (NYSE: ONE) today declared a cash dividend of 42 cents per share on outstanding common stock, payable April 1, 2000, to shareholders of record on March 15, 2000. In addition, the Board of Directors has decided to discontinue the bi-annual 10% stock dividend.
The Board of Directors also declared quarterly dividends on the Corporation's two issues of preferred stock.
The cash dividend on the outstanding Series B Preferred Stock with Cumulative and Adjustable Dividends ($100 stated value) was $1.50 per share, payable February 29, 2000, to stockholders of record on February 4, 2000.
The cash dividend on the outstanding Series C Preferred Stock with Cumulative and Adjustable Dividends ($100 stated value) was $1.625 per share, payable February 29, 2000, to stockholders of record on February 4, 2000. |
