Big Bank Stocks Paying Big Dividends

Wall St, Watchdog uncovered large cap stocks in the Consumer/Non-Cyclical sector that pay a large dividend.  Criteria for the screen are:

  • A market capitalization of at least $50 billion
  • The stock trades on an American exchange
  • Its 5-year average dividend yield is greater than 3%
  • Its current P/E (excluding extraordinary items) for the last fiscal year is greater than 0.01.  This means that the company’s normal operations are generating a positive net income, which should provide some cash cushion for future dividend payments.  Extraordinary items are excluded from this calculation because we’re using the 5-year average dividend yield as a proxy for dividend payments, and so any extraordinary items incurred in a particular year should be smoothed out over five years.
  • The company operates in the Financial sector.

Our screen returned 10 companies that met these criteria. Following is some information on them:

  • Banco Santander, S.A. (ADR) (NYSE:STD): This company has a 5-year average dividend yield of 5.48%. It generated $75,990,191,407 in revenues over the last fiscal year, which represents a change of-0.50% over the previous year. The stock recently traded at $11.20, its current P/E (excluding extraordinary items) is 8.22, and its market capitalization is $94,065,488,684. About the company:  Banco Santander SA attracts deposits and offers retail, commercial and private banking, and asset management services. The Bank offers consumer credit, mortgage loans, lease financing, factoring, mutual funds, pension funds, insurance, commercial credit, investment banking services, structured finance, and advice on mergers and acquisitions.
  • Citigroup Inc. (NYSE:C): This company has a 5-year average dividend yield of 5.26%. It generated $79,516,000,000 in revenues over the last fiscal year, which represents a change of3.76% over the previous year. The stock recently traded at $41.50, its current P/E (excluding extraordinary items) is 12.97, and its market capitalization is $121,206,700,000. About the company:  Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services. Competitors to Watch: Bank of America (NYSE:BAC), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
  • Westpac Banking Corporation (ADR) (NYSE:WBK): This company has a 5-year average dividend yield of 5.21%. It generated $35,918,196,236 in revenues over the last fiscal year, which represents a change of12.17% over the previous year. The stock recently traded at $115.80, its current P/E (excluding extraordinary items) is 9.38, and its market capitalization is $69,069,392,453. About the company:  Westpac Banking Corporation offers general and savings banking, including lending, deposit taking and payment services. Westpac also provides investment portfolio management and advice, unit trust and superannuation fund management, nominee and custodian facilities, insurance services, consumer finance, leasing, general finance, foreign exchange dealing and money market services.
  • HSBC Holdings plc (ADR) (NYSE:HBC): This company has a 5-year average dividend yield of 5.00%. It generated $58,345,000,000 in revenues over the last fiscal year, which represents a change of-6.04% over the previous year. The stock recently traded at $49.30, its current P/E (excluding extraordinary items) is 12.11, and its market capitalization is $174,537,500,000. About the company:  HSBC Holdings plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. The Group operates worldwide.
  • Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA): This company has a 5-year average dividend yield of 4.31%. It generated $30,950,922,521 in revenues over the last fiscal year, which represents a change of-10.91% over the previous year. The stock recently traded at $11.32, its current P/E (excluding extraordinary items) is 7.28, and its market capitalization is $51,613,453,052. About the company:  Banco Bilbao Vizcaya Argentaria, S.A. attracts deposits and offers retail, wholesale, and investment banking services. The Bank offers consumer and mortgage loans, private banking, asset management, insurance, mutual funds, and securities brokerage services. It operates in Europe and Latin America.
  • The Bank of Nova Scotia (NYSE:BNS): This company has a 5-year average dividend yield of 3.74%. It generated $17,159,551,106 in revenues over the last fiscal year, which represents a change of-10.79% over the previous year. The stock recently traded at $59.04, its current P/E (excluding extraordinary items) is 13.33, and its market capitalization is $63,817,556,955. About the company:  Bank of Nova Scotia provides retail, commercial, international, corporate, investment and private banking services and products.
  • General Electric Company (NYSE:GE): This company has a 5-year average dividend yield of 3.62%. It generated $150,211,000,000 in revenues over the last fiscal year, which represents a change of-3.26% over the previous year. The stock recently traded at $18.56, its current P/E (excluding extraordinary items) is 14.74, and its market capitalization is $196,837,100,000. About the company:  General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.
  • Royal Bank of Canada (NYSE:RY): This company has a 5-year average dividend yield of 3.54%. It generated $18,969,891,191 in revenues over the last fiscal year, which represents a change of-9.26% over the previous year. The stock recently traded at $55.56, its current P/E (excluding extraordinary items) is 16.50, and its market capitalization is $79,853,150,414. About the company:  Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services. Royal Bank offers its services to personal, business, public sector and institutional clients with operations worldwide.
  • Deutsche Bank AG (NYSE:DB): This company has a 5-year average dividend yield of 3.40%. It generated $41,430,014,893 in revenues over the last fiscal year, which represents a change of6.77% over the previous year. The stock recently traded at $58.05, its current P/E (excluding extraordinary items) is 14.58, and its market capitalization is $53,505,883,831. About the company:  Deutsche Bank AG is a global financial service provider delivering commercial, investment, private and retail banking. The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPO’s, trade finance, retail banking, asset management and corporate investments.
  • Toronto-Dominion Bank (NYSE:TD): This company has a 5-year average dividend yield of 3.38%. It generated $17,663,441,412 in revenues over the last fiscal year, which represents a change of-7.94% over the previous year. The stock recently traded at $82.11, its current P/E (excluding extraordinary items) is 14.60, and its market capitalization is $72,896,626,766. About the company:  The Toronto-Dominion Bank conducts a general banking business through banking branches and offices located throughout Canada and overseas. The Bank and other subsidiaries offer a broad range of banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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