pbct stock dividend aristocrat

It has a diversified portfolio of financial services it can offer to customers, but its bread and butter is still core deposit-taking and lending activities. People's United Financial pays an annual dividend of $0.72 per share, with a dividend yield of 5.57%. "S&P 500 Dividend Aristocrats measure performance of S&P 500 companies that have increased dividends every year for 25 consecutive years." Here are nine of the best dividend aristocrats to buy. People’s most recent dividend increase was its 27th consecutive annual increase, making it one of the newer Dividend Aristocrats. We see People’s producing 5% earnings-per-share growth annually over full economic cycles given that its growth-by-acquisition strategy is lumpy and unpredictable, but also because People’s is subject to the same risks as other banks. People’s United Financial (PBCT) Valuation People’s United Financial’s current dividend yield of 4.04% is -1% below its 5-year average. This is slightly lower than our fair value estimate of 13 times earnings, so we see People’s as somewhat undervalued after recent weakness in the stock. - us.spindices.com. Click here to download your Dividend Aristocrats Excel Spreadsheet List now. View PBCT's Dividend History ... Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The Top 10 DividendRank'ed Stocks Decades of Increasing Payments: 25 S.A.F.E. Historical Dividend Aristocrats List (1989 – 2015) 6. People’s not only has an impressive streak of dividends, but a very high current yield as well. Finding great dividend stocks is hard work. People’s has acquired its way to a footprint that covers six states in the Northeast US over time. They're part of a special collection of dividend stocks that have managed to increase their payouts for at least 25 straight years. This outstanding asset quality means that it has the ability to lend out all of its deposits without fear of high levels of losses. They have paid and grown their dividend payout every year since 1993. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. Keep in mind that all-stock acquisitions make the dividend costlier even if it isn’t raised on a per-share basis, meaning growth will likely be muted. Net income came to $0.33 per share as net interest income was essentially flat against this year’s Q2. The drop of -33.12% is a “average” performance during recession among the dividend aristocrats. Dividend Aristocrats (Sorted by Dividend Yield) Here are the 65 S&P 500 Dividend Aristocrats sorted by dividend yield from highest to lowest. Thus, People’s offers decent value at current prices. In addition, since it issues stock for acquisitions, its share count rose over time, introducing a significant headwind for earnings-per-share even if earnings grow. Essentially, the loan-to deposit ratio is a measure of leverage, and People’s is very high. Thanks for reading this article. The bank has boosted its total assets to $52 billion, of which $38.8 billion is comprised of loans. View. This has helped People’s bolster its organic branch growth, and as mentioned, earnings have grown steadily over time. Asset quality, however, is outstanding and affords People’s the ability to have all of its deposits lent out. In fact, the company continued to increase its dividend each year during the Great Recession. People’s has a current price-to-earnings ratio of 12.2 based on our estimate of $1.33 of earnings-per-share for this year. This year, People’s is seeing higher integration costs from its near-constant stream of acquisitions that will temporarily raise costs. Here are nine of the best dividend aristocrats to buy. However, that certainly does not insulate People’s from economic downturns. To qualify for membership in the S&P 500 Dividend Aristocrats index, … Finding great dividend stocks is hard work. Updated on November 25th, 2019 by Josh Arnold. Annualized net charge-offs in the past decade have been just 0.17%, which is well below most of its peers and the class average. This key strategic pillar is a differentiator and we think it will serve People’s well in the coming years. Stock buyback: PBCT buyback: Website: www.peoples.com: Sector: Banking & Savings: Number of ETFs Holding PBCT: 93 (see which ones) Total Market Value Held by ETFs: $1,645,995,195: Total Market Capitalization: $5,502,000,000 % of Market Cap. This indicates the stock looks reasonably valued today. Sector Overview 4. Dividend Aristocrats Analysis (The Dividend Aristocrats In Focus Series) 5. ABBV increased dividend to $1.30 per share resulting in a $15.84 increase. American States Water. Find the latest dividend history for People's United Financial, Inc. Common Stock (PBCT) at Nasdaq.com. Final ThoughtsYou can also watch the following video for more information on the Dividend Aristocrats and see a table of the Dividend Aristocrats below. A Dividend Aristocrat is a company in the S&P 500 that has paid and increased its base dividend every year for at least 25 consecutive years. Seeking AlphaDividend Quick PicksDecember Dividend Aristocrats Savor 6 Super StocksDec. Rock-solid dividend aristocrats you can bank on. - us.spindices.com. People’s has a strong history of dividend growth, particularly for the highly cyclical financial sector, which saw many of even its largest constituents cut their dividends during the financial crisis. For example, buying one share … The chart below displays the total price return(%) of People’s United Financial for different periods: The chart below displays the (CAGR) total return (%) including all dividends paid of People’s United Financial for different periods: Helping You Make The Most Of Your Money – Invest Smarter with Dividend. Combined with valuation changes and the current 4.4% yield, total annual returns are expected to reach approximately 10%. In other words, People’s has lent out more than it has collected in deposits, for a loan-to-deposit ratio of just over 100%. That wasn’t the case for People’s. Next in the series is People’s United Financial (PBCT). "S&P 500® Dividend Aristocrats measure performance of S&P 500 companies that have increased dividends every year for 25 consecutive years."---us.spindices.com. Should the stock revert to our estimate of fair value, it would provide a ~1% annual tailwind to total returns for shareholders. Next in the series is People’s United Financial (PBCT). PBCT dividend stock reliability. Procter & Gamble Co. PG. It also increases potential risk, as high levels of leverage naturally results in higher loan risks. The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years in a row. It engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers. The bank began operations with just $97 in total deposits and had no paid employees for its first 10 years of operations. Click here to download your Dividend Aristocrats Excel Spreadsheet List now. One shortcut to finding great dividend stocks is to look at the "dividend aristocrats… The index is equally weighted, and rebalanced every quarter. However, one way to offer an advantage is to grow scale in key markets, and that is exactly what People’s is doing with Boston as an example. 2. recessions. Rock-solid dividend aristocrats you can bank on. VFC increased dividend to $0.49 per share resulting in a $2.68 increase. For these reasons, we continue to rate People’s a buy. Other stocks mentioned: ABBV , BEN , CAH , CVX , FRT , O , T , WBA , XOM However, People’s has proven to be adept at finding and acquiring growth in its key markets, and we have no reason to believe that won’t continue. Performance 3. Each year, we individually review each of the Dividend Aristocrats, a group of 57 companies in the S&P 500 Index with at least 25 consecutive years of dividend increases. Above we can see the myriad acquisitions the bank has made in the past decade, totaling 16 different acquisitions of varying size in that time frame. Dividend Retirement Portfolio up 7.32% in November, Defensive Aristocrats update December 2020, 10 Dividend Aristocrats to Buy in December according to Wall Street, Two new dividend Aristocrats for 2021 and one at risk. The Other segment includes the residual financial impact from the allocation of revenues and expenses. People’s is an appealing stock for its decent valuation, strong competitive position in key markets in the Northeast, and its 4%+ yield. People’s United Financial, Inc. is a bank and financial holding company. December 24, 2020 8:28 am. Today, People’s produces $1.85 billion in annual revenue from its $52 billion in total assets, and the stock has a market capitalization of $7.1 billion. Noninterest income was flat against Q2 as well, while noninterest expense rose about 1% due to higher compensation expense. People’s earnings-per-share during the Great Recession are below: While People’s remained profitable throughout, the damage was significant. 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