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Discover the High-Yield Banking Stock with an Impressive Dividend Increase Track Record

Are you a balanced dividend investor seeking a well-covered large-cap banking stock with a promising yield? Look no further. This stock, with a forward dividend yield of 4.96%, ranks in the top 40% of dividend stocks, surpassing the banking industry average of 3.8%. Its low forward payout ratio of 41% is in line with the banking average of 37%, indicating a sustainable dividend policy.


What’s more, this stock boasts an impressive 11-year track record of dividend increases, placing it in the top 10% of dividend stocks. Future increases are also expected, making it a promising addition to your portfolio.

The next payout is estimated at $0.330 per share, scheduled for on or around September 12.

We also take into account the growth drivers and financial results discussed by the company management during their Q2 2023 earnings call held on July 20, 2023.

This stock has been reaffirmed as a holding in the Best Sector Dividend Stocks model portfolio, following a rigorous recommendation process that optimizes for an equal blend of yield, dividend safety, returns potential, and risk among Financials dividend stocks only.

Stay tuned for an in-depth stock analysis that follows, providing further insights into this promising investment opportunity.

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