Next Up for Banks: Dividends?
OK, so technically most of the big banks are still dividend-paying stocks. Citigroup's (NYSE: C) payout may still be a goose egg, but Wells Fargo (NYSE: WFC) sports a 0.7% yield, JPMorgan Chase spits out 0.5%, and even Bank of America (NYSE: BAC) manages 0.3%.
But the fact that they pay some meager pittance isn't the point. The point is that banks used to be a key piece of any dividend-investor's portfolio, and now they're largely an afterthought. But that may be about to change.... Read more