Bank Stocks for Dividend-Seekers
Bank dividend yields are set and look to stay that way.
Eric Compton: Bank stocks are often relied on for their dividends, and with CCAR 2019 in the rearview mirror, dividends for the banks under our coverage are more or less established through Q2 of 2020.
Today, Huntington, KeyCorp, and Wells Fargo have the highest dividend yields under our banking coverage, with Huntington north of 4%, and KeyCorp and Wells Fargo closer to 3.9%. For reference, many of the banks under our coverage have yields in the mid-2% to low 3% range, so a high 3% to 4% yield is meaningfully higher.
Eric Compton, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.