Dividends4Life: Banks Are Starting to Raise Their Dividends

Banks Are Starting to Raise Their Dividends

Posted by D4L | Sunday, April 11, 2010 | | 0 comments »

Since the credit crisis hit, banks have routinely cut their once "safe" dividend payouts, often at the request of regulators. Now data is emerging which shows that this trend is reversing and dividend increases could soon become the new trend in bank-land.

According to a report today from Keefe, Bruyette & Woods (KBW), 17 banks raised their dividend so far this year. In all of 2009, only 31 banks raised their dividends while 202 banks cut, omitted or discontinued their dividends, according to KBW.

Source: StreetInsider

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