I can't help comparing PBCT to FNFG. Both yielding around 6%, but FNFG looks cheaper on a P/E basis. Also, the FNFG dividend looks a little safer. If PBCT cuts the dividend, even by a little, it could plunge well below 9, IMHO. The fat yields of both are doing little to support the stock prices. That tells me there's an expectation of some dividend cuts coming in the near future. Only time will tell.
The stock dropped less than the nasdaq or the nasdaq bank index. The stock is not going to act as though it is in a vacuum.
The dividend is very safe unless the economy, not the market has a violent downturn.
The bank is one of the best capitalized banks around and the dividend appears very safe.The yield curve is not an issue as the cost of funds is so cheap with the bank paying between 0 and a quarter percent to depositors.Despite this low number deposits are growing at a healthy clip thanks to the FDIC insurance.