People’s United Financial Corporation (PBCT) is a savings and loan holding company that owns People’s Unite Bank, a federally chartered savings bank, headquartered in Bridgeport, Connecticut. PBCT is a diversified financial company that provides consumer and commercial banking services through a network of subsidiaries mainly to the New England region.
PBCT is a very large, but a very average bank. It has a spotty history of creating value in terms of retained earnings, cash flows, free cash flows, and capital appreciation. Furthermore, its balance sheet is not remarkable, in either a good or a bad way.
Still, it has a generous dividend. The dividend appears solid. And it has a pretty good record of increasing its dividend. Over the previous business cycle (7 – 8 years), it increased its dividend every single year, and it never experienced negative cash flows from operations.
We would not categorize it as one of our top dividend paying stocks. But we would not categorize it as one of the bottom either.
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Stat Sheet – People’s United Financial Incorporated
|Market Cap||$ 4,708|
|Growth Prospects||Below Average|
|Price Volatility||Below Average|
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