Dividends4Life: 5 Bank Stocks That Pay Big Dividends to Shareholders

For most of the latter 20th century, banks generally paid depositors a higher rate of interest than bank stocks paid in dividend yields. This trend reversed soon after the turn of the century and became more pronounced after the 2008 financial crisis. Beginning in the early 2000’s, interest-rate cuts gave bank stock investors dividend yields that exceeded the rates depositors earned in interest. Although interest rates have begun to gradually move higher in recent months, bank-deposit interest rates remain extremely low by any measure. Fortunately, some banks pay the 5+% returns comparable to bank and CD rates in the 20th century. These 5 stocks show that earning substantial cash payouts from banks remains possible — if investors take a chance on bank stocks...

Div. Yield: 6.1% Bladex (NYSE:BLX), or Foreign Trade Bank of Latin America, based in Panama City, serves as a special purpose bank. Div. Yield: 5.5% HSBC Holdings plc (ADR) (NYSE:HSBC) is a British banking and financial services holding company. Div. Yield: 6.1% New York Community Bancorp (NYSE:NYCB) holds about $49.7 billion in assets and operates branches throughout metro New York City, as well as Arizona, Florida, and Ohio. Div. Yield: 5.2% Unlike most bank stocks with high dividend yields, Oritani Financial Corp (NASDAQ:ORIT) exhibits some degree of growth. Div. Yield: 6.7% As Australia’s oldest bank, Westpac Banking Corp (ADR) (NYSE:WBK) has enjoyed an enormous first-mover advantage Down Under.

Source: InvestorPlace

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