Sydbank (SYANY) is a good yield play within the European banking sector due to its sound business fundamentals and attractive capital return policy. The bank has a very good level of profitability and a superior capital position, allowing it to offer a dividend yield of 5% and perform share buybacks, a rare thing among European banks.
Business Overview
Sydbank is a small Danish bank, even though it operates nationwide and has nowadays more than 2,000 employees. It was founded in 1970, through the merger of four local Danish banks. Its main competitors are