You guys are doing a great job in keeping the path steady, while recognizing the potential risks. When the market suspects a company may be unable to sustain its dividend, the share price will fall and actually push the yield higher - and this can be a trap. (Source: “Common Dividend History,” People’s United Financial, Inc., last accessed November 19, 2020.). Just a short note of introduction and to say thank you for the work that you do. In these trying times, I just wanted to take a moment to thank you for the outstanding advisory service and tools you provide. Check out our privacy policy. And that could be an opportunity for dividend investors. You can opt-out at anytime. Our deep gratitude to you, for your pragmatic, focused efforts and advices. In the banking industry, that’s a stellar track record. With the dividend yielding over 3% annually now, this should be a dividend stock to sleep soundly with. Leading up to my retirement in 2018, I liquidated all of my non-stock investments and wanted to set up a retirement plan that revolved around dividend paying stocks. Dividend Growth: PBCT is a dividend aristocrat with 25+ years of consecutive dividend increases. It helps me easily pick the best dividend stocks and balance the yield, growth and safety to match my needs. The result is that, at its current share price, PBCT stock offers a generous annual dividend yield of 5.9%. (Source: “People’s United Financial Reports Third Quarter Net Income of $144.6 Million, or $0.34 per Common Share,” People’s United Financial, Inc., October 22, 2020.). © Copyright 2021: Income Investors. First of all, I want to thank you for your response. I am constantly amazed with all the data you have provided me since I've been onboard with you. It is with the help of your site that I have peace of mind through this (crisis). You got high dividend, safety, and second stage in the future, I rate it hold if not buy. Bottom line: People’s United Financial, Inc. offers oversized dividends and has had no problem covering its payout, even during the current pandemic. PBCT shares are priced at a 9.5 forward P/E, which is an 18% discount to banking industry peers and … Having retired last year and living exclusively off my dividends, your service is custom-made for my needs. And because of the severity of the pandemic-induced recession, past performance really does not guarantee future results these days. Headquartered in Bridgeport, People's United (PBCT - Free Report) is a Finance stock that has seen a price change of 19.89% so far this year. Dividend Champions are companies which have increased their dividend for 25 or more consecutive years. Ready Capital Corp: This 11.4% Yielder Just Raised Its Payout. Close. I am a very happy member who checks in regularly for updates due to the current market conditions. The bank provides commercial and retail banking, as well as wealth management services, through a network of more than 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. The largest ETF holder of PBCT is the SPDR S&P Dividend ETF (SDY), with approximately 31.60M shares. and most importantly, tone of approach and delivery. I realized I can out estimate my monthly income in retirement as well as work on the diversification of my portfolio. No credit card required. I just turned 70 and have used quite a few financial service providers over the years but I have to say that I believe Simply Safe Dividends provides more value than any of the others. I just wanted to comment on the quality and effectiveness of the Simply Safe Dividends Portfolio Tool. And with a market capitalization of about $5.3 billion, People’s United Financial stock does not get much attention from the financial media. So the safest high-yielding dividend stock that’s not a REIT or MLP that I’ve found is… 3. Unlike the the Dividend Aristocrats, Dividend Champions are not necessarily members of the S&P 500 index.. The result is that, at its current share price, PBCT stock offers a generous annual dividend yield of 5.9%. Also in the third quarter, the company generated operating earnings of $144.7 million. But here’s a fact: People’s United Financial has raised its dividend every year for 27 consecutive years. As it stands, PBCT stock looks like a solid high-yield opportunity for income investors. To put that in perspective, the bank had $45.2 billion in total loans at the end of September. PBCT | Complete People's United Financial Inc. stock news by MarketWatch. Regarding dividend safety, AbbVie said in a company announcement regarding the Allergan acquisition: "The combined company will produce robust cash flow … Keep up the great work - I tell every person I can about Simply Safe Dividends! I simply love your program. Brian— You and your team are doing a fantastic job during this crisis. First off, I love your service, it has really helped prepare me for these trying times. PBCT has a risk rating of 1.75 which classifies it as a Medium risk stock. Here's a sneak peek inside the website: It's the Wild West these days in the online finance industry — anyone can launch a service and promise the world. Last updated on 12/31/2020. I’ve found nothing that comes even close. Your research and articles are top notch and the tools are not only invaluable, but noticeably improving all the time. I hope you are all well and please keep up the incredible work you do and know that I and many other clients rely and appreciate your hard work. Thanks to your service, I am funding our retirement without having to touch any principal, at a rate that is still allowing me to add to my savings. However, it quickly fell back to a comfortable 52.3% in the third quarter. Here's why Simply Safe Dividends stands out: One simple price, all inclusive. And then, Simply Safe Dividends, we are so grateful to find we can safely repose that trust in you. People’s United Financial, Inc. (Nasdaq: PBCT) 6.2% yield. Another bank in the S&P 500, People’s United Financial (PBCT), plans to boost its dividend as well. After that, you can cancel anytime in a couple clicks. This too shall pass. Dividend Yield: 7%: Is People's United Financial Stock on Sale? BSD and Quadrix scores are percentile rankings, with 100 the highest score. The 5-year average dividend yield is 4.07% (see red-line in chart). So 27 years ago it started raising dividends. In the quest for safe dividends during a time in which payouts are coming under pressure, it might be wise to follow the pros. Find the latest dividend history for People's United Financial, Inc. Common Stock (PBCT) at Nasdaq.com. On October 22, 2020, People's United Finl (NASDAQ: PBCT) declared a dividend payable on November 15, 2020 to its shareholders. Headquartered in Bridgeport, CT, People’s United Financial is the owner of People’s United Bank, a regional bank in the Northeast with more than $60.0 billion in assets. The best part is that People’s United Financial stock’s generous dividends remained safe. Like everyone I like the market to go up but since I have become a dividend investor I find myself focusing on when/how much the next dividend increase will be for my portfolio. I’ve found nothing that comes even close. Since our founding in 2015, we've received countless unsolicited emails from customers with stories of how our service has helped them. Initially I had anticipated about a 3% dividend return, but your matrix has allowed me to build a portfolio that I feel is safe and at the same time is returning a dividend of about 4.5% Your analysis is thorough and exhaustive. Hence, its primordial to invest in stocks with reliable dividends. This is a look at People's United Financial, Inc. (NASDAQ:PBCT), a regional bank stock that offers a generous annual dividend yield of 5.9%. We hate spam as much as you do. On April 23, the company’s board of directors voted to increase the common stock quarterly dividend from $0.1775 per share to $0.18 per share. Founded by a former analyst at an investment fund, Simply Safe Dividends is the trusted source of online tools and research for over 2,000 retirees managing their own dividend portfolios. How our service has helped them of consecutive dividend increases annually now, this should be a dividend yield inversely! Out with the help of your service is custom-made for my needs to reach for the outstanding service! My first annual renewal date and happily `` pushed the button '' downs of the Simply Dividends... 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