A "dividend aristocrat" is an elite class of dividend stock that has increased its payout at least once a year for the last 25 years or more. Dividend Reliability. If you subscribe and decide within 60 days the service isn't a good fit, we will refund you every penny — no questions asked. I just wanted to comment on the quality and effectiveness of the Simply Safe Dividends Portfolio Tool. However, it quickly fell back to a comfortable 52.3% in the third quarter. The ability to connect to our brokerage agencies is a game changer that allows a one-stop shop approach to account balances and saves us time. PBCT's most recent quarterly dividend payment was made to … I have proven to myself that the 4% withdrawal rule makes no sense as I have constructed a portfolio that has a yield on cost of 4% with an average dividend increase of over 8%/year with good safety ratings. I am a very happy member who checks in regularly for updates due to the current market conditions. The recent market decline has clearly proven the value of dividend investing. I’m not one who usually writes notes like this or even does reviews, but I’ve often thought of your work with gratitude and wanted to let you know. I did a lot of research before subscribing to your service and nothing comes close to the quality and comprehensiveness of your service. On October 22, 2020, People's United Finl (NASDAQ: PBCT) declared a dividend payable on November 15, 2020 to its shareholders. No credit card required. Just hit my first annual renewal date and happily "pushed the button". So as People’s United Financial stock tanked, its yield went up. We are retired, for the most part. Of course, in today’s low-yield environment, high-yield stocks are not exactly known for their dividend safety. But this does not necessarily mean investors need to sacrifice dividend safety to reach for the highest yields they can find. Last updated on 12/31/2020. It has since been updated to include the most relevant information available.] Unsurprisingly, the payout ratio jumped from the first quarter to the second quarter due to the economic downturn. After 33 years and now retired as a stock broker from the financial services industry, this tool is the best I have seen and used. You see, at a constant-cash payout, a company’s dividend yield moves inversely to its share price. Having retired last year and living exclusively off my dividends, your service is custom-made for my needs. Simply Safe Dividends is the first site that actually fulfills my needs as well as shows honesty and integrity. (Source: “Common Dividend History,” People’s United Financial, Inc., last accessed November 19, 2020.). And that could be an opportunity for dividend investors. Even the banks that were considered “too big to fail” had to cut their dividends. Not this time. (Source: “People’s United Financial Reports Third Quarter Net Income of $144.6 Million, or $0.34 per Common Share,” People’s United Financial, Inc., October 22, 2020.). Thanks so much and keep doing what you do best. People’s United Financial, Inc. (Nasdaq: PBCT) 6.2% yield. No credit card required. So the safest high-yielding dividend stock that’s not a REIT or MLP that I’ve found is… 3. I realized I can out estimate my monthly income in retirement as well as work on the diversification of my portfolio. Click here for a printer-friendly version of this chart. With the dividend yielding over 3% annually now, this should be a dividend stock to sleep soundly with. Your research and articles are top notch and the tools are not only invaluable, but noticeably improving all the time. By signing up, you agree to our Terms of Service. And then, Simply Safe Dividends, we are so grateful to find we can safely repose that trust in you. Here's a sneak peek inside the website: It's the Wild West these days in the online finance industry — anyone can launch a service and promise the world. I greatly appreciate this. Note that, as risk-averse income investors, we want to see low payout ratios in these extraordinary times because they leave a margin of safety. In the quest for safe dividends during a time in which payouts are coming under pressure, it might be wise to follow the pros. I can truthfully say that I have made a significant amount of money, thanks to the data and narratives on your website and for that I thank you. In the banking industry, that’s a stellar track record. Was this user's rating of 'PBCT' helpful to you? This is an entirely free service. I can now sleep comfortably at night without worrying about my portfolio. I just turned 70 and have used quite a few financial service providers over the years but I have to say that I believe Simply Safe Dividends provides more value than any of the others. Bottom line: People’s United Financial, Inc. offers oversized dividends and has had no problem covering its payout, even during the current pandemic. Keep up the good work. The largest ETF holder of PBCT is the SPDR S&P Dividend ETF (SDY), with approximately 31.60M shares. It declared a quarterly disbursement of 18 cents a share, up slightly from 17.75 cents. 10.6%-Yielding “Alternative Bank” Offering a Big Discount? Also important to me in selecting an investment newsletter is the tone set by the publisher. You can opt-out at anytime. Dividend articles featuring People's United Financial (PBCT): 2020-05-11 Bert's April Dividend Income Summary 2020-05-07 34 Dividend Boosts Break Quarantine 4/27 To 5/4 2020-05-04 Expected Dividend Increases In May (Hopefully) 2020-05-03 Lanny's May Dividend Stock Watch List 2020-04-27 15 Safe Ultra-High-Yield Dividend Stocks For These Troubled Times 2020-04-25 Dividend Champion And … People's United Financial Inc (Symbol: PBCT) has been named to the Dividend Channel ''S.A.F.E. It feels like I get a dividend raise each time you offer new data or services. Our final list of five has, on average, 31 years of dividend history that includes four dividend-aristocrats, 16.3% and 13.19% annualized dividend growth during the last five and ten years, above-average credit rating, and trading on an average of 16% discount from their 52-week highs. We hate spam as much as you do. https://www.incomeinvestors.com/peoples-united-financial-inc-bank-stock/59005/, People’s United Financial, Inc.: Why This Bank Stock Could Be Better Than Others. To put that in perspective, the bank had $45.2 billion in total loans at the end of September. This is an entirely free service. My heartfelt thanks to you and your team. And because of the severity of the pandemic-induced recession, past performance really does not guarantee future results these days. This payout ratio represents safety and room for future dividend growth. First of all, I want to thank you for your response. All rights reserved. Dividend Safety Scores — exclusive to Simply Safe Dividends — have your back. Simply Safe Dividends is the first site that actually fulfills my needs as well as shows honesty and integrity. Banking on housing's growth. we are so grateful to find we can safely repose that trust in you. I just turned 70 and have used quite a few financial service providers over the years but I have to say that I believe Simply Safe Dividends provides more value than any of the others. It feels like I get a dividend raise each time you offer new data or services. I feel lucky being an early client. I told you in a previous email that I have been a dividend investor for over 50 years. Keep up the good work! People's United Financial pays an annual dividend of $0.72 per share, with a dividend yield of 5.57%. Dividend Yield: 7%: Is People's United Financial Stock on Sale? High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors. Better yet, People’s United Financial’s dividend did not just remain constant—it was rising. When the market suspects a company may be unable to sustain its dividend, the share price will fall and actually push the yield higher - and this can be a trap. Thanks for the update. And that, my dear reader, is why People’s United Financial, Inc. (NASDAQ:PBCT) could be special. People's United Finl also announced... Navellier Ratings Dividend Stocks,People's United Financial Stock, https://www.incomeinvestors.com/wp-content/uploads/2020/11/hands-with-money-at-bank-office-or-exchanger-PXSCB2B-150x150.jpg, People’s United Financial Reports Third Quarter Net Income of $144.6 Million, or $0.34 per Common Share. I am a very happy member who checks in regularly for updates due to the current market conditions. Unlike the the Dividend Aristocrats, Dividend Champions are not necessarily members of the S&P 500 index.. As it stands, PBCT stock looks like a solid high-yield opportunity for income investors. I've explored all the screens behind the portfolio page, which place an amazing amount of information at my fingertips. The financial crisis of 2007–2008 led to a lot of bank failures in America, including many regional banks. I used to live and die daily on the ups and downs of the market. If a stock’s yield is above or near the market average then it will be rated higher within this parameter. I’ve been an avid follower and subscriber to your site for the past 2 years or so and it has changed my (investing) life. PBCT shares are priced at a 9.5 forward P/E, which is an 18% discount to banking industry peers and … Your research has made it possible for me to retire early and enjoy a low-stress life. View real-time stock prices and stock quotes for a full financial overview. Obviously, there are financial institutions with substantially more assets and much bigger geographical presence than People’s United Bank. We are looking forward to an early retirement and are fortunate enough to have amassed a nice nest egg to enable this. The result is that, at its current share price, PBCT stock offers a generous annual dividend yield of 5.9%. It’s just raised the dividend for the 27th straight year. I purchased 6 more shares during May for a total cost of $203.97. This not only marked a huge increase from the $101.0 million earned in the second quarter, but was also higher than the $135.5 million earned in the year-ago period. People's United Financial, Inc. (PBCT) Dividend Safety metrics. © Copyright 2021: Income Investors. Dividend Champions are companies which have increased their dividend for 25 or more consecutive years. This represented a substantial decline from the $80.8 million of PCL in the second quarter, and was also lower than the $33.5 billion of PCL in the first quarter. That means, during the early-2000s recession and the 2007–2008 financial crisis, this regional bank was still increasing the cash payouts to its shareholders. It is with the help of your site that I have peace of mind through this (crisis). And the greatest compliment I can give you are the many referrals to my friends, relatives and just about anyone who has a shared interest in dividend income investing. As you’d expect, People’s United Financial, Inc.’s business has been impacted by the pandemic. Dividend-Paying Stocks in the S&P 1500 Index Click on a column name to sort. Regarding dividend safety, AbbVie said in a company announcement regarding the Allergan acquisition: "The combined company will produce robust cash flow … You really have a great product that your recent enhancements have made even better. I've been investing for over 35 years and have received advice from many professionals. So 27 years ago it started raising dividends. Like everyone I like the market to go up but since I have become a dividend investor I find myself focusing on when/how much the next dividend increase will be for my portfolio. The bank provides commercial and retail banking, as well as wealth management services, through a network of more than 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. The best part is that People’s United Financial stock’s generous dividends remained safe. There are a lot of regional banks in the U.S. that pay a decent dividend, but income investors don’t always look at them. I've used it to grade the quality of stocks I own. Check out our privacy policy. She needs to sell some stocks to complete her RMD this year, and I was able to advise her on the ones that had the least potential for continuing a safe dividend, or long-term dividend growth. Initially I had anticipated about a 3% dividend return, but your matrix has allowed me to build a portfolio that I feel is safe and at the same time is returning a dividend of about 4.5% Your analysis is thorough and exhaustive. I just wanted to say THANK YOU for the content you have been putting out. It helps me easily pick the best dividend stocks and balance the yield, growth and safety to match my needs. Furthermore, your customer service is exceptional. PBCT Safety Price (based on a variable margin of safety) ... A high dividend payout rate may indicate that the share price has fallen recently. I could tell that the updates have been coming fast but when I saw an update late Saturday night I was just astounded. It is a tough time, with so many uncertainties. Royal Bank of Canada: Earn a Solid 4% Yield from a Foreign Bank? Headquartered in Bridgeport, CT, People’s United Financial is the owner of People’s United Bank, a regional bank in the Northeast with more than $60.0 billion in assets. Dividend income investors are extremely sensitive to dividend cuts because their main motivation of stock picking is dividend income. People are quick to complain but sometimes fail to provide feedback on a great product. PBCT stock, for instance, is still down more than 25% year-to-date. Moreover, PBCT has delivered 27 consecutive years of dividend growth. I will not hesitate to drop a newsletter if I feel there is a lean to over-marketing with all types of emails, alerts and use of fancy text fonts and colors to market stocks in attempts to snag unwary potential subscribers. In these trying times, I just wanted to take a moment to thank you for the outstanding advisory service and tools you provide. Dividend safety is critical to a retiree and I can sense by reading this newsletter it is an imperative metric in your methodology in evaluating companies. For years past we have searched and searched, while making as educated choices as we could given what was available to maintain dividend income. Investors should not rely on PBCT's dividend history alone to measure its dividend safety. Instead, ... People’s United Financial (PBCT) The ratio is calculated by dividing common dividends paid by operating earnings for each reporting period. Been fairly aggressive in its growth plan if a stock ’ s has. Trust in you been fairly aggressive in its growth plan are fortunate enough to have found your company information. Financial, Inc. ( Nasdaq: PBCT ) dividend safety tell that the updates been... 1500 index Click on a column name to sort estimate my monthly income in retirement as well as on. 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Can cancel anytime in a previous email that i have peace of mind through this ( crisis.... Foreign Bank are Safe n't know if you get a lot of before! Have released dividend Channel `` S.A.F.E safety to match my needs as well as shows honesty and integrity its to... Yours is one of the severity of the s & P 500 index start... Full Financial overview you got high dividend, safety, and second stage in the future i... Did not just remain constant—it was rising Inc.: why this Bank stock could be an opportunity income...