That leaves about 360 institutions still owing that $11 billion to the federal government. Unfortunately, 143 of those institutions are unable to make their February TARP dividend payment. The worse news, for these banks, is that the dividend rate is set to rise from 5% to 9% beginning next January.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks