Fannie Mae is Paying Dividends Almost Equal to Its Bailout

$59.4 billion

Amount of a dividend Fannie Mae will pay to the U.S. Treasury, the company said Thursday after reporting a record first-quarter profit,” the Wall Street Journal reports.”Fannie’s expected payment will bring to $95 billion the amount of dividends it has paid to the Treasury, compared to $116.1 billion in aid it absorbed between 2008 and 2011.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>