Eight analysts have raised their earnings projections for this bank. The current dividend yield is 4.02%, paid quarterly.
Regions Financial Corporation (RF)
From Forbes Dividend Investor
Among the biggest beneficiaries of the rise in long-term interest rates over the past two months have been banks, in particular smaller regional banks. The KBW Regional Bank Index (KRE) is up 33% since September 23. The 10-year U.S. Treasury yield has risen from 0.50% to as high as 0.98% since August 6, closing Friday at 0.89%.
Birmingham, Alabama-based Regions Financial is one of the largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services in the U.S, with 1,427 banking offices, and approximately 2,000 ATMs across the South, Midwest, and Texas. Regions trades at substantial discounts to four out of the five historical valuations we consider when evaluating stocks.
There is an ex-dividend date on December 3 for a payout of $0.155 per share.
John Dobosz, Forbes Dividend Investor, newsletters.forbes.com, 212-367-3388, November 13, 2020