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EBC - Buy This Stock Before It Becomes a Dividend Aristocrat
Eastern Bankshares Inc.
The nearly $16 billion-asset Eastern Bankshares (NASDAQ: EBC) , which went public last October, recently launched its first quarterly dividend of $0.06 per share, which it expects to issue regularly.
While it might appear small right now, given what similar banks have done, Eastern's dividend could certainly grow into something significant as the bank becomes more profitable. It could perhaps even become a Dividend Aristocrat, given enough time and consistent earnings performance.
Let's take a look at what leads me to that assertion.