U.S. Markets open in 29 mins

These 3 Banks Offer Impressive Forward Dividend Yields

- By Alberto Abaterusso

In terms of higher dividend yield, the following banks are outperforming the S&P 500 index, which had a dividend yield of 1.87% at market close on April 29.

Shares of Elmira Savings Bank Elmira NY (ESBK) traded around $16.45 on Monday. Following a 16% decline over the 52 weeks through April 29, the forward dividend yield is 5.60% compared to the industry median of 3.16%.