- Connecticut bank People's United is offering an unusually high starting dividend yield.
- The stock seems like an obvious buy, so much so that it's worth looking to see if there's some hidden problem.
- The risk here is more tied to management being highly conservative and unable to grow the franchise as opposed to anything with interest rates or Covid.
- People's United is never going to offer explosive upside due to its structure, however, the dividend is safe and shares should return to pre-Covid levels.
For further details see:
6.7% Yielding Dividend Aristocrat People's United Is A Buy