Just a couple of minutes after posting the note on Santander you see below, that smart, on-the-ball financial cookie named Tim Hanson of The Motley Fool tweeted this over to your humble scribe by way of reply:
@incakolanews On a related note, check out the dividends BBVA has been having PVD declare.
So of course we did just that and checked out the numbers (being off the junior mining jag for at least a couple of hours, it seems) of Provida (PVD), the Chilean Pension Fund that’s a subsidiary of Spain’s BBVA bank. What showed up was more than interesting and here’s the chart:
Wow, now that’s what I call milking your cow when you need to. Or as Hanson said a little later in the exchange….
@incakolanews The only time it makes sense to have a failing Spanish bank on your side!
Thanks for the headsup, Tim.