GO
Loading...
Live at 2:30p ET
LINDSEY VONN
CNBC.com web-only interview
Downhill skier Lindsay Vonn

Freddie Mac Floats Stock, Cutting Dividends

As suspected, Freddie Mac is floating stock. Offering $6 billion in preferred stock, but the bigger story is they are cutting their dividend 50% to 25 cents....and the stock is down fractionally.

Today, bothCitiand Freddie Mac raised capital. As I noted earlier, expect other banks and financial guarantors to announce additional measures to raise capital.


Questions? Comments? tradertalk@cnbc.com

Symbol
Price
 
Change
%Change
C
---
FMCC
---

Featured

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street