5 Small Banks With A Great Dividend Yield

There has been a high level of scrutiny for large banks. Many customers have been distraught with the way large institutions have treated them. The larger banks are also more exposed to European debt and still have plenty of toxic assets. That's why its good as an investor to diversify amongst the smaller banks, which often tend to be shareholder friendly as well. The following five small banks have been paying large dividends to its shareholders and this trend should continue. Astoria Financial Corporation (AF) operates as the bank holding company for Astoria Federal Savings and Loan Association that provides various banking and financial products and services in the United States. It engages in generating deposits and originating loans. Astoria is trading at a P/B of .65. Last year, Astoria made more than $200m in free cash flow, which is fairly good considering the current market cap is around $800m.... Read more