These Savings & Loans Banks Continue to Pay Impressive Dividends
January 17 2011 - 8:46AM
Marketwired
The saving and loans industry has been volatile in recent months.
While many companies in the industry continue to report improving
credit quality, the dangerously high unemployment rate and the poor
housing market have spoiled hopes of a robust recovery. This murky
economic climate has led to a surge in merger and acquisition
activity in the savings and loans industry, however the FDIC has
begun to cancel or delay transactions because of concerns about the
financial feasibility of some deals. The Bedford Report examines
the outlook for companies in the Savings & Loans Industry and
provides research reports on Hudson City Bancorp, Inc. (NASDAQ:
HCBK) and New York Community Bancorp, Inc. (NYSE: NYB). Access to
the full company reports can be found at:
www.bedfordreport.com/2011-01-HCBK
www.bedfordreport.com/2011-01-NYB
In recent quarters most companies in the Savings and Loans
industry have been setting aside less money to cover loan losses.
More thorough and cautious credit checks have led to fewer
delinquent loans and greater financial stability.
While the improving margin helped narrow losses and boost
profits among these banks, long-term growth worries still loom.
Loan growth has steadily declined due to economic uncertainties. As
evident from the high unemployment numbers, companies are not
hiring at the pace most expected this year, while capital spending
is way down. At the end of 2010 the US unemployment rate was around
9.7 percent.
The Bedford Report releases regular market updates on the
Savings and Loans Industry so investors can stay ahead of the crowd
and make the best investment decisions to maximize their returns.
Take a few minutes to register with us free at
www.bedfordreport.com and get exclusive access to our numerous
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Dividend paying companies are attracting a lot of attention
right now. Investors usually count on dividend paying stocks during
hectic times in the market believing in the company's security and
real earnings power. Additionally, when interest rates get as low
as they currently are, the return on dividends can far exceed that
of bonds. Much of the talk in the financial sector as of late has
been about the possible return of dividends to big banks that had
to cut their dividends during the financial crisis. Many Savings
& Loans companies, however, continue pay steady dividends.
Hudson City Bancorp pays an annual dividend of 0.60 for a hefty
4.60% yield. New York Community Bancorp pays an annual dividend of
1.00 for a 5.40% yield.
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