9 Big Banks With Dividends Poised to Rebound Strongly This Year

We took a look at large bank balance sheets to see who was most likely to reinstate a hefty dividend. Dividends were previously cut in early 2009 because of the financial crisis. But fresh from undergoing ‘stress tests’, the top banks have been given approval to raise dividends. According to the Fed, firms are “generally expected” to limit 2011 dividends to 30 percent of expected earnings. Still, this is good news for investors not only because of the extra income, but also because of the total return they provide. Our sights are on the following financial services companies: Here are nine safe bets to win the race: Fifth Third Bancorp (FITB): Fifth Third Bancorp is the holding company in which Fifth Third Bank is the principal subsidiary. The current P/E is 22.27; the dividend yield is 0.04 or 0.30% and the stock price last traded at... Read more