Buy BCB Bancorp, Inc. For Consistent And Healthy Dividend Payout

BCB Bancorp, Inc. (BCBP) is a great option for investors looking for solid and stable dividend income, that too at a low price. BCBP is currently trading at $14.05/share, which allows investors to accumulate the stock to receive healthy dividend income over the years. Apart from that, a recent CNBC survey has hinted towards another interest rate hike later this year. This will directly benefit the banking industry as the profitability increases and investors can expect price appreciation of the stock as well. For this reason, the stock of BCBP has been experiencing significant insider buying over the past year which is an affirmation for potential investors.
The banking industry is having a great 2017 as the Fed has already increased interest rates twice this year, and now plans for another increase in the interest rate in December. This, in my opinion, is going to be collectively good for both the banking industry and the economy. Recently, the banks used to have a minimal spread and they were cautious of lending to small businesses with high risks. The Fed's policy of continuing with the interest rate increase is not only going to increase the profitability of banking companies like BCBP but will also provide capital to businesses leading to economy growth.
BCBP qualifies for the small-cap stock category, with a market capitalization of just $194 million. Having said that, the company has had a decent dividend yield averaging at 4.48% for the last 10 years. The company... Read more

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