High Bank Yield Portfolio

The last couple of days have been a scorcher. I live in an old apartment building on the top floor and whatever the temperature is outside - it will be like 10 degrees hotter in my apartment. Even worse, there is no air-conditioning in my room, so falling asleep can be quite the challenge on those hot days.
Last night I had trouble falling asleep due to the heat. Not being able to fall asleep is never good and can get really annoying - quick. Other times, lying in bed, not being able to sleep, allows me to think. While I was lying in bed last night, I thought to myself that bank investors reading content on CompleteBankData may enjoy a dividend portfolio.
It's sad to say, but not everyone wants to, can, or would consider investing in obscure tiny community banks - that I have been covering. Furthermore, value is not just in these tiny one branch banks and can be found in yield worthy dividend payers. With that being said, I created a High Yield Portfolio - made up of banks yielding >3.85%.

Companies within the portfolio are - from highest yield to lowest: Elmira Savings Bank (Nasdaq: ESBK), BCB Bancorp (Nasdaq: BCBP), First Federal Savings and Loan Association (Kentucky First Federal Bancorp (Nasdaq: KFFB)), PacWest Bancorp (Nasdaq: PACW), Columbia Banking System (Nasdaq: COLB), Valley national Bancorp (NYSE: VLY), New York Community Bancorp (NYSE: NYCB), Oritania Bank (Oritani Financial Corp. (Nasdaq: ORIT)), Penns Woods Bancorp (Nasdaq: PWOD), Citizens &... Read more