12 Financial Stocks Likely to Raise Dividends This Year

We took a cue from the Fed. These financials have the cash flow and balance sheets to clear the way for higher dividend payments in 2011. Some dividends are set to head much higher. Here is what we found: Huntington Bancshares (HBAN): A bank with Midwestern roots, Huntington successfully repaid the $1.4 billion dollars of preferred shares held by the government as a part of TARP. The most recent stress tests yielded positive results, reinforcing the view that Huntington has successfully navigated its way back from the brink and set itself off for steady growth going forward. Currently, HBAN is trading at $6.6/share with a capitalization of $5.7 billion and forward P/E of 9.5. EPS growth is targeted at just over 103% while Stifel Nicolaus reiterated a buy rating and set a target between $8.5-9.5/share. Huntington is yielding a modest .61% dividend currently, but given the need... Read more