Community Trust Bancorp, United Financial Bancorp, and Stock Yards Bancorp are financial services stocks that generally perform in-line with the economy. Firms in this sector offer services ranging from investment banking to consumer finance. During downturns, financial services companies tend to be hit the hardest as net interest margins shrink and credit losses grows. However, during prosperous times, they report robust profits and many pay attractive dividends. I’ve identify the following financial stocks paying high income, which may increase the value of your portfolio.
Community Trust Bancorp, Inc. (NASDAQ:CTBI)
CTBI has a good-sized dividend yield of 2.90% and the company has a payout ratio of 44.51% . In the case of CTBI, they have increased their dividend per share from $1.0545 to $1.32 so in the past 10 years. They have been consistent too, not missing a payment during this 10 year period. More detail on Community Trust Bancorp here.
United Financial Bancorp, Inc. (NASDAQ:UBNK)
UBNK has a nice dividend yield of 3.03% and is distributing 44.19% of earnings as dividends . In the case of UBNK, they have increased their dividend per share from $0.1055 to $0.48 so in the past 10 years. They have been dependable too, not missing a single payment in this time. Dig deeper into United Financial Bancorp here.
Stock Yards Bancorp, Inc. (NASDAQ:SYBT)
SYBT has a wholesome dividend yield of 2.35% and the company currently pays out 47.38% of its profits as dividends . SYBT’s DPS have risen to $0.84 from $0.4267 over a 10 year period. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Analysts are enthusiastic about the company’s future growth, estimating a 33.86% earnings per share increase over the next 12 months. Dig deeper into Stock Yards Bancorp here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.