In the current downtrodden market, it was possible for nine (XOM, T, BEN, PBCT, O, AMCR, LEG, NUE, & ADM) of 15 highest-yield S&P 500 dividend Aristocrat stocks, to … Energy. We analyzed the business models, dividend safety, dividend growth, key risks, and more of the dividend aristocrats below. To qualify for membership in the S&P 500 Dividend Aristocrats index, a stock must satisfy the following criteria: The payout ratio is also just over half of earnings after years of slow payout growth. People’s earnings-per-share during the Great Recession are below: While People’s remained profitable throughout, the damage was significant. The index is equally weighted, and rebalanced every quarter. Final ThoughtsYou can also watch the following video for more information on the Dividend Aristocrats and see a table of the Dividend Aristocrats below. The principal business of Co. is to provide, through its subsidiary, People's United Bank, National Association and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Income investors favor Dividend Aristocrats because the companies are solid long-term holdings with predictable, safe, and growing dividend payments. var dataPerf = google.visualization.arrayToDataTable([ They may not have grown revenue and earnings per share every year, but they annually raised the dividend without fail for 25 years straight. People’s has a strong history of dividend growth, particularly for the highly cyclical financial sector, which saw many of even its largest constituents cut their dividends during the financial crisis. Noninterest income was flat against Q2 as well, while noninterest expense rose about 1% due to higher compensation expense. Its diversified operations also don't hurt. The bank is not immune from economic downturns, and a flat yield curve is a risk. Each stock has increased its annual dividend 25 or more consecutive years. PBCT Dividend History & Description — People's United Financial Inc People's United Financial is a bank holding company and a financial holding company. } Find more details information on this page. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. In addition, since it issues stock for acquisitions, its share count rose over time, introducing a significant headwind for earnings-per-share even if earnings grow. Combined with valuation changes and the current 4.4% yield, total annual returns are expected to reach approximately 10%. chart.draw(view, options); This list is naturally a subset of the Dividend Aristocrats: (as of October 2019) ABM Industries, Inc. (ABM) American States Water Co. (AWR) 5 Highest-Yielding Dividend Aristocrat Stocks to Buy Now for 2021 ... top-quality dividend stocks may be the way to go for 2021. Dividend aristocrats are companies that have consistently paid and annually increased the size of their dividend payouts for at least 25 consecutive years.. Ruminate on that for a moment. Above we can see the myriad acquisitions the bank has made in the past decade, totaling 16 different acquisitions of varying size in that time frame. The Retail Banking segment comprises consumer lending, and consumer deposit gathering activities, consumer lending, and merchant services. The S&P 500 Dividend Aristocrat index was launched by Standard and Poors in May 2005. Here are nine of the best dividend aristocrats to buy. People’s has an attractive dividend yield above 4%, and growth potential for the years ahead. Net income came to $0.33 per share as net interest income was essentially flat against this year’s Q2. The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years in a row. People's United Financial Inc. (PBCT) is a dividend aristocrat paying over 25+ years of dividend. Dividend Yield and Dividend History Highlights. Growing scale and name recognition in key markets like that can help drive efficiency and scale, which is part of the reason why People’s has been able to boost margins in recent quarters, despite the flattening yield curve. To be a Dividend King, you must have fifty years of increasing dividends. var chart = new google.visualization.ColumnChart(document.getElementById('chart')); For these reasons, we continue to rate P Sector Overview 4. Dividend Aristocrats Analysis (The Dividend Aristocrats In Focus Series) 5. var options = {title: 'Performance (%)', chartArea: {width: '94%', height: '85%'}, bar: {groupWidth: ' 90%'}, legend: {position: 'none'}}; The company was founded on November 2, 2006 and is headquartered in Bridgeport, CT. www.moneyinvestexpert.com Copyright 2011-2020, Dividend Aristocrat People’s United Financial…. google.setOnLoadCallback(drawChartP); Next in the series is People’s United Financial (PBCT). The Treasury segment covers the securities portfolio, short-term investments, brokered deposits, wholesale borrowings, and the funding center. view.setColumns([0, 1,{ calc: 'stringify',sourceColumn: 1,type: 'string',role: 'annotation' },2]); var view = new google.visualization.DataView(data); At a time when both the S&P 500 and the financial sector both have yields just under 2%, People’s is sporting a 4.4% yield, making it very attractive to those seeking current income. People’s has acquired its way to a footprint that covers six states in the Northeast US over time. Performance 3. ... PBCT) is a bank and financial holding company. People's United Financial pays an annual dividend of $0.72 per share, with a dividend yield of 4.96%. It could perhaps even become a Dividend Aristocrat, given enough time and consistent earnings performance. Essentially, the loan-to deposit ratio is a measure of leverage, and People’s is very high. People’s has enjoyed class-leading asset quality over the years, and that continues today. Considering the prospects for better business, a potentially more friendly regulatory environment and tax cuts, PBCT should be able to keep its foot on the dividend pedal. google.setOnLoadCallback(drawChartDividend); Please send any feedback, corrections, or questions to [email protected]. 1. People’s most recent dividend increase was its 27th consecutive annual increase, making it one of the newer Dividend Aristocrats. However, the bank has delivered consistent growth over the long-term and we believe it will continue to do so in the coming years. Keep in mind that all-stock acquisitions make the dividend costlier even if it isn’t raised on a per-share basis, meaning growth will likely be muted. For these reasons, we continue to rate People’s a buy. var dataP = google.visualization.arrayToDataTable([ However, one way to offer an advantage is to grow scale in key markets, and that is exactly what People’s is doing with Boston as an example. Currently, there are 66 Dividend Aristocrat stocks. ['Element', 'Total Performance (%)', {role: 'style'} ],['Ytd',16.2,'#029baf'], However, that certainly does not insulate People’s from economic downturns. Net interest margin was unchanged at 3.12%, as small moves in loan yields and deposit costs offset. Each year, we individually review each of the Dividend Aristocrats, a group of 57 companies in the S&P 500 Index with at least 25 consecutive years of dividend increases. Its performance during the Great Recession was not spectacular, but it did fare much better than many of its larger competitors in the banking industry. To maintain its status as a dividend aristocrat, a company must raise its dividend payment at least once during the year. Next in the series is People’s United Financial (PBCT). This year’s earnings-per-share should be roughly in line with 2018 levels, at $1.33. People’s is an appealing stock for its decent valuation, strong competitive position in key markets in the Northeast, and its 4%+ yield. It crimps future growth potential simply because there isn’t much more the bank can do to boost it from very high levels, so this is not a lever the bank can pull to boost revenue growth going forward. A dividend aristocrat is a company that not only pays a dividend consistently but continuously increases the size of its payouts to shareholders. People’s not only has an impressive streak of dividends, but a very high current yield as well. Dividend.com: The #1 Source For Dividend Investing. function drawChartP() { The Dividend Aristocrats Index is a list of 50 stocks that have consecutively increased their dividend payments for at least 25 years. We use cookies for a number of reasons, such as keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website are used. chart.draw(view, options); It also increases potential risk, as high levels of leverage naturally results in higher loan risks. var options = {title: 'Historical Yield', curveType: 'function', chartArea: {width: '94%', height: '85%'}, bar: {groupWidth: ' 90%'}, legend: {position: 'bottom'}, series: { 1: { lineDashStyle: [2, 2] }}}; However, for a bank, that is a very strong accomplishment. People's United Financial (PBCT) is one of the country's most popular regional banks with investors. In early April, Walgreens reported financial results for the second quarter of 2020. The S&P Dividend Aristocrats Stocks List is a group of companies that have paid and increased dividends for 25 years or more. Asset quality, however, is outstanding and affords People’s the ability to have all of its deposits lent out. ['Element', 'Dividend', {role: 'style'} ],['2006',0.9700,'#ff0103'],['2007',0.6499,'#ff0103'],['2008',0.5833,'#ff0103'],['2009',0.6075,'#029baf'],['2010',0.6175,'#029baf'],['2011',0.6275,'#029baf'],['2012',0.6375,'#029baf'],['2013',0.6475,'#029baf'],['2014',0.6575,'#029baf'],['2015',0.6675,'#029baf'],['2016',0.6775,'#029baf'],['2017',0.6875,'#029baf'],['2018',0.6975,'#029baf'],['2019',0.7090,'#029baf'],['2020',0.8945,'#029baf'],['2021',0.1800,'#ff0103'],]); Every year, S&P Dow Jones Indices updates its list of Dividend Aristocrats, a group of stocks in the S&P 500 with 25+ consecutive years of dividend growth. }, Helping You Make The Most Of Your Money – Invest Smarter with Dividend. The list of Dividend Aristocrats in 2019 is a fairly select list since there are only 57 companies. PBCT shares are priced at a 9.5 forward P/E, which is an 18% discount to banking industry peers and … However, People’s has proven to be adept at finding and acquiring growth in its key markets, and we have no reason to believe that won’t continue. var chart = new google.visualization.LineChart(document.getElementById('chartYield')); Click here to download your Dividend Aristocrats Excel Spreadsheet List now. google.setOnLoadCallback(drawChartPerf); This year, People’s is seeing higher integration costs from its near-constant stream of acquisitions that will temporarily raise costs. 10 Dividend Kings and their estimated future total return. Moreover, PBCT has delivered 27 consecutive years of dividend growth. The bank has boosted its total assets to $52 billion, of which $38.8 billion is comprised of loans. Indeed, it was 2011 before People’s earnings-per-share crested its pre-recession high, hitting $0.57 in that year to top 2007’s level of $0.52. The dividend aristocrats definition makes these stocks interesting as a dividend aristocrat is a stock with a long history of raising its dividend, more than 10 years. This was necessary as People’s payout ratio had previously exceeded earnings, but it is in a much better spot now. } Should the stock revert to our estimate of fair value, it would provide a ~1% annual tailwind to total returns for shareholders. How To Use The Dividend Aristocrats List To Find Dividend Investment Ideas 2. This is a high expected rate of return, which earns a buy recommendation, particularly for income investors interested in the high current yield. This key strategic pillar is a differentiator and we think it will serve People’s well in the coming years. The most recent members are Chubb (CB), People’s United Financial (PBCT), Caterpillar (CAT), … var dataYield = google.visualization.arrayToDataTable([ This is slightly lower than our fair value estimate of 13 times earnings, so we see People’s as somewhat undervalued after recent weakness in the stock. ['3 Year',-3.1,'#ff0103'],['5 Years',5.7,'#029baf'], Click here to download your Dividend Aristocrats Excel Spreadsheet List now, 2008 earnings-per-share of $0.42 (19% decline), 2009 earnings-per-share of $0.30 (29% decline), 2010 earnings-per-share of $0.24 (20% decline). In fact, the company continued to increase its dividend each year during the Great Recession. That wasn’t the case for People’s. People’s United (PBCT): Mid-Size Stock, King-Size Results This is out of the over 4,000 companies listed on stock exchangesat end of 2018. In other words, with the yield curve flattening out significantly in recent quarters, organic growth of earnings is tough to come by for all banks, People’s included. var data = google.visualization.arrayToDataTable([ Likewise, this dividend aristocrat ETF is not excessively allocated to high-yield sectors as utilities and real estate stocks combine for less 17% of the fund’s weight. The Other segment includes the residual financial impact from the allocation of revenues and expenses. It currently has a market cap of $131.9 billion. function drawChartPerf() { There are now 57 Dividend Aristocrats. It operates through the following Commercial Banking, Retail Banking, Treasury and Others segments. ['1 Year',-1.2,'#ff0103'],['2 Years',-2.3,'#ff0103'], Shareholders like a dividend aristocrat of Chevron's size (around $182 billion) for exactly that reason: It can survive anything. It has increased its dividend for 44 consecutive years, which easily makes it a Dividend Aristocrat. CVX does oil and gas exploring, drilling and production, transportation, refining, marketing and distribution. Historical Dividend Aristocrats List (1989 – 2015) 6. var chart = new google.visualization.ColumnChart(document.getElementById('chartP')); (See the complete list at the bottom). PBCT's next quarterly dividend payment will be made to shareholders of record on Monday, February 15. Thus, People’s offers decent value at current prices. Last year saw a sizable benefit from tax reform. ['10 Years',5.3,'#029baf'],]); People’s was founded in 1842 in Bridgeport, Connecticut. Most $4.5 billion market cap banks tend to fly under the radar. It engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers. Qualifications for a stock to be a Dividend Aristocrat are: A stock must be a member of the S&P 500; A stock must have increased their dividend payment for at least the past 25 consecutive years. var view = new google.visualization.DataView(dataP); One of the easiest and fastest ways to buy all the Dividend Aristocrat stocks is to buy an ETF like ProShares S&P 500 Dividend Aristocrats (NOBL) that has all of the stocks in one bucket. ... PBCT. VFC increased dividend to $0.49 per share resulting in a $2.68 increase. Database of Dividend Aristocrats stocks comes from ProShares S&P 500® Dividend … function drawChartDividend() { Growth has been robust since that time, however, and the company is expected to generate earnings-per-share of $1.33 this year. Top Dividend Aristocrat Growth Stocks Walgreens Boots Alliance (WBA) Walgreens is a pharmacy retailer with over 18,000 stores in 11 countries. 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