Fannie, Freddie likely to cut or halt dividends

07/16/2008 | Bloomberg

Fannie Mae and Freddie Mac are expected to cut or halt dividends in light of recent problems at the two mortgage behemoths. "I don't know how you can justify a taxpayer-led bailout and agree to pay dividends to stockholders," said Don Wordell, a fund manager at Ceredex Value Advisors. Freddie Mac currently offers a 25-cents-per-share quarterly payment.

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