The Smartest High-Yield Bank Stock to Buy With $100 Right Now
Banks provide a necessary service to customers, from those who simply have bank accounts to those who borrow money. Financial uncertainty, as the United States is facing today, can affect a bank's business, but strong banks will generally muddle through even the most difficult periods.If you are a dividend investor, the relatively high yields on offer from banks will likely be attractive to you. You'll want to choose wisely, however, with Citigroup (NYSE: C) providing an interesting example of why.The average bank in the U.S. has a yield of around 2.6%. Citigroup's dividend yield is a far more attractive 3.5%. The dividend backing that yield has been increased regularly, though not annually, since 2015. That's not a bad story, and Citigroup is one of the best-known banks in the U.S. market.Continue reading
Banks provide a necessary service to customers, from those who simply have bank accounts to those who borrow money. Financial uncertainty, as the United States is facing today, can affect a bank's business, but strong banks will generally muddle through even the most difficult periods.
If you are a dividend investor, the relatively high yields on offer from banks will likely be attractive to you. You'll want to choose wisely, however, with Citigroup (NYSE: C) providing an interesting example of why.
The average bank in the U.S. has a yield of around 2.6%. Citigroup's dividend yield is a far more attractive 3.5%. The dividend backing that yield has been increased regularly, though not annually, since 2015. That's not a bad story, and Citigroup is one of the best-known banks in the U.S. market.
