UNCRY - Mediobanca: A High-Dividend Yielder With Good Dividend Growth Prospects
Mediobanca (MDIBY) offers a high-dividend yield that is supported by a strong capital level and has good dividend growth prospects in the coming years, making it an interesting income play within the European banking sector.
Company Description
Mediobanca is an Italian investment bank (IB) that over recent years has diversified its business profile beyond its strategic stakes in other companies and IB services. Beyond investment banking services and products, it also offers services in financial advice, consumer credit and wealth management.
The bank has a sizable exposure to its domestic market, but is