Bank stocks with high-dividend yields have been a favorite subject for TheStreet's readers through 2010. With price appreciation for some -- and a recent conversion for one high payer -- the landscape is quickly changing. Using data supplied by SNL Financial for publicly traded U.S. banks and thrifts -- excluding those traded on the Pink Sheets -- TheStreet has narrowed down the list to the ten names with the highest dividend yields.
Critieria also include stocks that have earnings estimates and price targets available for 2011 and are covered by at least three analysts. While a yield of at least 4.09% might not be very exciting to some stock investors, it compares favorably to the 10-year U.S. Treasury benchmark bond yield of 3.41% as of Monday's close, as well as the 3.80% yield on Walmart's (WMT_) 10-year bond that was issued in October. Of course, the common stock investor may also enjoy long-term growth.
Source: TheStreet.Com
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