Bank Dividend Stocks Ripe After the Pullback

Several profitable banks with attractive dividend yields saw their shares pull back significantly during the first half of 2011, and in a prolonged low-rate environment, are worth a second look by income-seeking investors and for growth investors who can commit for the long haul. Some bank stocks with attractive dividend yields showed weakness because investors were concerned about increasing dividend payout ratios.

To come up with our list, we began with publicly traded U.S. bank stocks with dividend yields exceeding 4%, with three-month average daily trading volume of more than 50,000 shares, and then isolated the five names that pulled back the most during the first half of 2011. We left out one name that has no analyst coverage. 1. Bank of America (BAC), 2. Citigroup (C), 3. Wells Fargo (WFC) and 4. JPMorgan Chase (JPM).

Source: The Street

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