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Published Sun, 20 Dec 2020 12:42:21 -0500 on Seeking Alpha. The company has a 13-year high dividend yield of 3.89%. See the stock price chart below: People’s United Financial, Inc. (PBCT) Dividends 2007-2010. Dividend Aristocrat People’s United Financial has been able to increase dividends for … Seeking AlphaDividend Quick PicksDecember Dividend Aristocrats Savor 6 Super StocksDec. The dividend aristocrats definition makes these stocks interesting as a dividend aristocrat is a stock with a long history of raising its dividend, more than 10 years. However, that certainly does not insulate People’s from economic downturns. People’s is an appealing stock for its decent valuation, strong competitive position in key markets in the Northeast, and its 4%+ yield. 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. › Dividend Aristocrats › Dow 30 ... A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. 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. 2. recessions. Rock-solid dividend aristocrats you can bank on. 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. People’s has acquired its way to a footprint that covers six states in the Northeast US over time. The index is equally weighted, and rebalanced every quarter. We are forecasting low-single-digit growth in the payout in the coming years for this reason. Use the Portfolio Builder for Dividend Income Stocks: Dividend Aristocrats to display a table and chart of dividend income for the last (trailing) year of dividends for a portfolio of two or more stocks selected from the 65 Dividend Aristocrats in the following menu. It operates through the following Commercial Banking, Retail Banking, Treasury and Others segments. This is a high expected rate of return, which earns a buy recommendation, particularly for income investors interested in the high current yield. 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. It engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers. - us.spindices.com. People’s not only has an impressive streak of dividends, but a very high current yield as well. Dividend Aristocrat #5: People’s United Financial, Inc (NASDAQ: PBCT) The 52-week low for People’s United is $9.37 and is currently trading just over $11. With 2020 thankfully almost over, many investors are looking to … 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. People’s United Financial (PBCT) People’s United Financial is a regional bank and financial services … ABBV increased dividend to $1.30 per share resulting in a $15.84 increase. Its performance during the Great Recession was not spectacular, but it did fare much better than many of its larger competitors in the banking industry. 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. As you’re building your dividend portfolio, knowing the common patterns and schedules that companies pay their dividends is helpful. Updated on November 25th, 2019 by Josh Arnold. However, the bank has delivered consistent growth over the long-term and we believe it will continue to do so in the coming years. 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. VFC increased dividend to $0.49 per share resulting in a $2.68 increase. Click here to download your Dividend Aristocrats Excel Spreadsheet List now. Millions of investors own stocks that regularly pay out dividends of varying amounts per share, but few are familiar with an elite class of dividend stocks known as Dividend Aristocrats. 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. This has helped People’s bolster its organic branch growth, and as mentioned, earnings have grown steadily over time. 20, 2020 12:42 PM ET|| Includes: ABBV, ADM, AMCR, BEN, CAH, CVX, ED, FRT, KMB, LEG, MCD, NUE, O, PBCT, RTX, T, WBA, XOMby: Fredrik ArnoldFredrik Arnold The Dividend Dog … People's United Financial pays an annual dividend of $0.72 per share, with a dividend yield of 5.57%. We use cookies for a number of reasons, such as keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website are used. This year’s earnings-per-share should be roughly in line with 2018 levels, at $1.33. One shortcut to finding great dividend stocks is to look at the "dividend aristocrats… American States Water. People’s was founded in 1842 in Bridgeport, Connecticut. Click here to download your Dividend Aristocrats Excel Spreadsheet List now. "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. Noninterest income was flat against Q2 as well, while noninterest expense rose about 1% due to higher compensation expense. The 5-year average dividend yield is 4.07% (see red-line in chart). View. December 24, 2020 8:28 am. Combined with valuation changes and the current 4.4% yield, total annual returns are expected to reach approximately 10%. The drop of -33.12% is a “average” performance during recession among the dividend aristocrats. People’s loan balance at the end of Q3 was $38.8 billion against deposits of $38.5 billion. While People’s produces a small amount of organic growth – as just about any other bank would – its strategy instead focuses on acquiring its growth. A "dividend aristocrat" is an elite class of dividend stock that has increased its payout at least once a year for the last 25 years or more. Lee Jackson . To qualify for membership in the S&P 500 Dividend Aristocrats index, … This outstanding asset quality means that it has the ability to lend out all of its deposits without fear of high levels of losses. A “dividend aristocrat” is an elite class of dividend stock that has increased its payout at least once a year for the last 25 years or more. 28. years of consecutive increase. How To Use The Dividend Aristocrats List To Find Dividend Investment Ideas 2. S&P … 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. 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. Each stock has increased its annual dividend 25 or more consecutive years. Dividend Stocks Best High Dividend Stocks 2000-2020 The DividendRank Top 25 The Top 10 DividendRank'ed DJIA Components Feel-Good Income: 25 Socially Responsible Dividend Stocks Top Dividend Stocks … The bank has boosted its total assets to $52 billion, of which $38.8 billion is comprised of loans. People’s most recent dividend increase was its 27th consecutive annual increase, making it one of the newer Dividend Aristocrats. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. Recessions survived. 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. Now it is time for dividend increases: MCD increased dividend to $1.29 per share resulting in a $11.42 increase. 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. Dividend Aristocrats are an elite group. Please send any feedback, corrections, or questions to support@suredividend.com. People’s earnings-per-share during the Great Recession are below: While People’s remained profitable throughout, the damage was significant. Still, we see the bank as a strong operator and one that focuses heavily on cost savings, so we think it has some meaningful growth in front of it, particularly once its 2019 slate of acquisitions is fully integrated. PBCT dividend stock reliability. The company was founded on November 2, 2006 and is headquartered in Bridgeport, CT. www.moneyinvestexpert.com Copyright 2011-2020, Dividend Aristocrat People’s United Financial…. Dividend Growth Streak. People’s has enjoyed class-leading asset quality over the years, and that continues today. 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. AWR. The builder assumes the same number of shares are owned for each stock. 65 years of dividend growth. Well, the video capture got cut short, but for the sake of keeping records, I'm publishing it anyway. Click here to download your Dividend Aristocrats Excel Spreadsheet List now, 2008 earnings-per-share of $0.42 (19% decline), 2009 earnings-per-share of $0.30 (29% decline), 2010 earnings-per-share of $0.24 (20% decline). Headquartered in Bridgeport, People's United (PBCT) is a Finance stock that has seen a price change of 16.63% so far this year. The Treasury segment covers the securities portfolio, short-term investments, brokered deposits, wholesale borrowings, and the funding center. Database of Dividend Aristocrats stocks comes from … Thanks for reading this article. Asset quality, however, is outstanding and affords People’s the ability to have all of its deposits lent out. The bank is not immune from economic downturns, and a flat yield curve is a risk. The company has grown its dividend for the last 27 consecutive years and is increasing its dividend by an average of 1.46% each year. "S&P 500 Dividend Aristocrats measure performance of S&P 500 companies that have increased dividends every year for 25 consecutive years." 5 Highest-Yielding Dividend Aristocrat Stocks to Buy Now for 2021. The company pays a current dividend yield of 6.51% with a dividend payout ratio of 56%. For example, buying one share … This was the case in Q3 again, as earnings grew slightly but were basically offset by a similar rise in the share count. People’s United Financial, Inc. is a bank and financial holding company. Here are nine of the best dividend aristocrats to buy. Next in the series is People’s United Financial (PBCT). People’s reported third quarter earnings on October 17th and results were somewhat mixed. For these reasons, we continue to rate People’s a buy. Stocks that have a longer growth streak than PBCT. Rock-solid dividend aristocrats you can bank on. December Dividend Aristocrats Savor 6 Super Stocks. In fact, the company continued to increase its dividend each year during the Great Recession. Last year saw a sizable benefit from tax reform. Sector Overview 4. Dividend Aristocrats Analysis (The Dividend Aristocrats In Focus Series) 5. 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. Dividend Aristocrats (Sorted by Dividend Yield) Here are the 65 S&P 500 Dividend Aristocrats sorted by dividend yield from highest to lowest. 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. The Retail Banking segment comprises consumer lending, and consumer deposit gathering activities, consumer lending, and merchant services. Next in the series is People’s United Financial (PBCT). It crimps future growth potential simply because there isn’t much more the bank can do to boost it from very high levels, so this is not a lever the bank can pull to boost revenue growth going forward. In the 177 years since that humble beginning, People’s has grown into a regional bank with more than 5,000 employees and almost 400 retail locations in the Northeast United States. This indicates the stock looks reasonably valued today. 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. "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. People’s has an attractive dividend yield above 4%, and growth potential for the years ahead. Net income came to $0.33 per share as net interest income was essentially flat against this year’s Q2. Should the stock revert to our estimate of fair value, it would provide a ~1% annual tailwind to total returns for shareholders. Finding great dividend stocks is hard work. - us.spindices.com. 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. People’s United Financial (PBCT) Valuation People’s United Financial’s current dividend yield of 4.04% is -1% below its 5-year average. In addition, we see earnings-per-share growth at 5% annually. That wasn’t the case for People’s. Historical Dividend Aristocrats List (1989 – 2015) 6. One shortcut to finding great dividend stocks is to look at the "dividend aristocrats… Other stocks mentioned: ABBV , BEN , CAH , CVX , FRT , O , T , WBA , XOM The bank began operations with just $97 in total deposits and had no paid employees for its first 10 years of operations. 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. Growing scale and name recognition in key markets like that can help drive efficiency and scale, which is part of the reason why People’s has been able to boost margins in recent quarters, despite the flattening yield curve. Finding great dividend stocks is hard work. 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. They have paid and grown their dividend payout every year since 1993. Final ThoughtsYou can also watch the following video for more information on the Dividend Aristocrats and see a table of the Dividend Aristocrats below. 1. Competitive advantages are difficult to come by for banks given that they largely offer the same products and services as their competitors. At a time when both the S&P 500 and the financial sector both have yields just under 2%, People’s is sporting a 4.4% yield, making it very attractive to those seeking current income. 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. However, for a bank, that is a very strong accomplishment. It also increases potential risk, as high levels of leverage naturally results in higher loan risks. But People's United Financial (PBCT) is a rare financial sector stock that has increased its dividend for 25 consecutive years. They're part of a special collection of dividend stocks that have managed to increase their payouts for at least 25 straight years. Buying shares of a dividend aristocrat ETF can help you invest in dividend aristocrat stocks more easily and cheaply. Net interest margin was unchanged at 3.12%, as small moves in loan yields and deposit costs offset. To help you align the calendar to these stocks, here are the Dividend Aristocrats Payout Schedules organized by the common patterns they follow. 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%. This year, People’s is seeing higher integration costs from its near-constant stream of acquisitions that will temporarily raise costs. Indeed, it was 2011 before People’s earnings-per-share crested its pre-recession high, hitting $0.57 in that year to top 2007’s level of $0.52. Find the latest dividend history for People's United Financial, Inc. Common Stock (PBCT) at Nasdaq.com. Procter & Gamble Co. PG. This key strategic pillar is a differentiator and we think it will serve People’s well in the coming years. The Other segment includes the residual financial impact from the allocation of revenues and expenses. PBCT's most recent quarterly dividend payment was made to shareholders of record on Sunday, November 15. Thus, People’s offers decent value at current prices. The payout ratio is also just over half of earnings after years of slow payout growth. This was necessary as People’s payout ratio had previously exceeded earnings, but it is in a much better spot now. Here are nine of the best dividend aristocrats to buy. In other words, with the yield curve flattening out significantly in recent quarters, organic growth of earnings is tough to come by for all banks, People’s included. Growth has been robust since that time, however, and the company is expected to generate earnings-per-share of $1.33 this year. Essentially, the loan-to deposit ratio is a measure of leverage, and People’s is very high. This week I bought Nucor, Caterpillar, and People's Bank. This stock is a Dividend Aristocrat. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future. PBCT became the 41st stock in my portfolio and I am happy to add another dividend aristocrat to the list! Performance 3. Total annual returns are expected to reach approximately 10 % in loan yields deposit! Of slow pbct stock dividend aristocrat growth a “ average ” performance during Recession among dividend. 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