Liquid Bank Stocks With Highest Dividend Yields

During times of market uncertainty, stocks of profitable companies with high dividend yields are often cited as defensive plays. This could be one of those times, with the Dow Jones Industrial Average down 7% year-to-date through Tuesday's close, while the S&P 500 was down 6%. But many regional banks continue to seek their prospects improve as the economy continues to grow, and the heavy pullback in stock prices may have created good entry points for investors who may have thought they had missed out on the long-term recovery of large-cap banks and small and mid-cap banks.

Using data provided by Thomson Reuters Bank Insight, we have put together a list of five actively traded bank stocks -- with average daily trading volume of at least 20,000 shares -- with the highest dividend yields, based on regulator quarterly dividend payments. Here they are, by ascending dividend yield, based on Monday's closing prices: Oritani Financial (ORIT), Valley National Bancorp (VLY), Peoples United Financial (PBCT), Park National Corp. (PRK) and New York Community Bancorp (NYCB).

Source: The Street

Related Articles:
- 12 Higher Yielding Stocks With A Low Dividend Payout Ratio
- Early Warning Signs of a Dividend Cut
- Income Annuities vs. Dividend Stocks
- 7 Tech Stocks With A History of Growing Their Dividends
- Here's Where To Find Great Dividend Stocks