Thesis
I have been writing a series of articles on community banks. Conservatively run community banks can provide stable and growing dividend income. In general, the banks that I have already written about showed up as one of five banks passing several screens assessing dividend, dividend safety, valuation, and volatility. Most of the banks I have covered are comparatively small with market capitalizations of roughly $500M-$1.2B. At the request of a reader, I am writing about People’s United Financial Inc. (PBCT), a larger regional bank with about 422 branches and a market capitalization