5 Lesser-Known Stocks With Dramatic Dividend Increases

And more payout growth could be on the horizon

      View All  
5 Lesser-Known Stocks With Dramatic Dividend Increases

US Bancorp

USBancorp185 5 Lesser Known Stocks With Dramatic Dividend IncreasesUS Bancorp (USB) is an interesting in-between financial stock. It’s a regional bank that’s large enough to be a heavyweight with $63 billion in market capitalization, but focused enough to still see opportunities for growth, either via expansion geographically or through acquisitions.

The company also has been growing its dividend mightily in the wake of the financial crisis. After slashing its dividend from 42.5 cents quarterly to just a nickel, regulators have been quick to allow USB dividend increases to make up some of the lost ground. With an increase this year to 23 cents a share, the dividend remains below pre-crisis levels but up almost five-fold from 2009 while some major banks like Citigroup (C) and Bank of America (BAC) have slashed payouts to a mere penny per quarter with no sign of increases anytime soon.

US Bancorp yields 2.5%. Beyond the dividend, shares of USB are also around all-time highs — so this stock has bounced back from the financial meltdown of 2008.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/5-lesser-known-stocks-dramatic-dividend-increases/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.