In an effort to calm its investors, Barclay’s (NYSE: BCS) will raise its dividend this week
According to The Times:
"In its results on Tuesday, Barclays will admit to write-offs from its exposure to the sub-prime crisis totalling about £1.5 billion. But its pretax profits, which have been audited by Price Waterhouse Coopers and seen by the Financial Services Authority, will still nearly match record results from last year, which topped £7.1 billion. As a result the dividend will be lifted by 10%."
Douglas A. McIntyre