To get some sense of the payout ratio for BAC... here are the 36 international banks, which pay a dividend, in the M* database with their dividend yield, dividend growth, and ranked by payout ratio. As you can see BAC has the 4th largest payout ratio.
Name | Ticker | Yield | Div Growth | Payout ratio |
National Bank of Gre | NBG | 6.64 | 108.66 | 155.61 |
ABN AMRO Holding NV | ABNYY | 1.29 | 5.42 | 127.09 |
Bank Bradesco | BBD | 0.68 | 51.82 | 112.9 |
Bank of America Corp | BAC | 7.31 | 12.18 | 104.64 |
Unibanco - Union of | UBB | 3.59 | 32.62 | 84.22 |
Lloyds TSB Group PLC | LYG | 9.05 | -0.81 | 68.96 |
Westpac Banking Corp | WBK | 5.78 | 15.25 | 66.07 |
Bank of Montreal | BMO | 5.63 | 19.22 | 65.65 |
National Australia B | NABZY | 5.08 | 2.42 | 62.84 |
Bank of Chile | BCH | 9.53 | 37.9 | 62.4 |
Australia & New Zeal | ANZBY | 6.25 | 9.25 | 59.29 |
Santander-Chile Bank | SAN | 4.85 | 11.94 | 57 |
HSBC Holdings PLC | HBC | 4.34 | 11.36 | 53.37 |
Banco Latinoamerican | BLX | 4.92 | --- | 48.7 |
Barclays PLC | BCS | 8.8 | 15.2 | 48.61 |
BanColombia SA | CIB | 2.78 | 69.69 | 45.04 |
Bank of Nova Scotia | BNS | 3.75 | 16.19 | 43.26 |
Royal Bank of Canada | RY | 3.85 | 18.79 | 43.16 |
Bank Bilbao Vizcaya | BBV | 4.72 | 26.73 | 41.14 |
J.P. Morgan Chase & | JPM | 3.59 | 2.86 | 40.86 |
Bank of New York Mel | BK | 2.2 | 5.52 | 39.67 |
Toronto-Dominion Ban | TD | 3.25 | 17.11 | 39.04 |
Credicorp, Ltd. | BAP | 1.85 | 54.2 | 38.19 |
Credit Suisse Group | CS | 5.08 | 77.32 | 38.13 |
Banco Santander SA | STD | 4.59 | 19.53 | 35.89 |
Allied Irish Banks | AIB | 5.74 | 11.25 | 34.84 |
Canadian Imperial Ba | CM | 4.52 | 12.6 | 33.54 |
Governor and Company | IRE | 6.61 | 12.16 | 31.86 |
BBVA French Bank | BFR | 5.14 | --- | 27.99 |
ICICI Bank, Ltd. | IBN | 1.26 | 3.69 | 27.1 |
Northern Trust Corpo | NTRS | 1.42 | 9.71 | 25.79 |
Deutsche Bank AG | DB | 3.7 | 28.06 | 24.13 |
State Street Corpora | STT | 1.29 | 11.2 | 23.26 |
Mitsubishi UFJ Finan | MTU | --- | -1.69 | 16.94 |
HDFC Bank, Ltd. | HDB | 0.64 | 22.24 | 15.91 |
UBS AG | UBS | --- | 37.91 | -88.48 |
Citigroup, Inc. | C | 8.14 | 5.76 | -131.3 |
Average | | 4.27 | 22.67 | 43.87 |
Also, of the 446 banks that pay a dividend in the M* data base, there are only 34 with a payout ratio greater than 100%. BAC is near the bottom of this list... nevertheless there are no banks above it on the list that interest me.
I think we will sell....
Name | Ticker | Yield | Div Growth | Payout Ratio |
American Bancorp of | ABNJ | 1.14 | --- | 600.00 |
Huntington Bancshare | HBAN | 11.58 | 12.22 | 530.00 |
Mercantile Bank Corp | MBWM | 5.83 | 21.68 | 475.00 |
Farmers & Merchants | FMBL | 1.74 | 5.57 | 284.01 |
Bank of the Somerset | SOMH | 1.09 | --- | 266.90 |
Independent Bank Cor | IBCP | 12.29 | 11.96 | 264.29 |
Citizens First Banco | CTZN | 4.56 | 0.00 | 225.00 |
Camco Financial Corp | CAFI | 5.03 | 1.14 | 222.22 |
Park National Corpor | PRK | 5.34 | 2.99 | 212.50 |
MBT Financial Corpor | MBTF | 8.45 | 5.11 | 175.61 |
Midwest Banc Holding | MBHI | 6.05 | 2.70 | 162.50 |
National Bank of Gre | NBG | 6.64 | 108.66 | 155.61 |
WGNB Corporation | WGNB | 6.41 | 16.64 | 149.11 |
Wachovia Corporation | WB | 10.01 | 13.08 | 145.88 |
Farmers National Ban | FMNB | 7.66 | 0.49 | 142.22 |
Seacoast Banking Cor | SBCF | 5.97 | 5.83 | 139.13 |
Mid-Wisconsin Financ | MWFS | 2.87 | --- | 137.50 |
Macatawa Bank Corpor | MCBC | 5.98 | 24.70 | 130.00 |
Center Bancorp, Inc. | CNBC | 3.91 | 3.32 | 128.57 |
ABN AMRO Holding NV | ABNYY | 1.29 | 5.42 | 127.09 |
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