$NWBI 3.8% Small-Cap Stocks with Big Dividends: N
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Posted On: 05/05/2017 2:39:50 PM
$NWBI 3.8% Small-Cap Stocks with Big Dividends: Northwest Bancshares (NWBI)
Dividend Yield: 3.8%
The election of Donald Trump has been bullish for banks, and Northwest Bancshares, Inc (NASDAQ:NWBI) (holding company of Northwest Bank) has been no exception.
It operates 161 community banks in Pennsylvania, New York, Ohio and Maryland, and it’s coming off its best year for sales in more than a decade. In 2016, Northwest grew revenues by 18.3%, and things aren’t expected to slow much this year, with analysts anticipating 15.3% sales growth.
That bodes well for NWBI stock, which is up 26% in the last year, including a big spike from $15 to $19 in November after Trump’s election.
The company pays a handsome dividend too, yielding 3.8%, and has increased its 16-cent quarterly payout by a penny every year since 2010.
Dividend Yield: 3.8%
The election of Donald Trump has been bullish for banks, and Northwest Bancshares, Inc (NASDAQ:NWBI) (holding company of Northwest Bank) has been no exception.
It operates 161 community banks in Pennsylvania, New York, Ohio and Maryland, and it’s coming off its best year for sales in more than a decade. In 2016, Northwest grew revenues by 18.3%, and things aren’t expected to slow much this year, with analysts anticipating 15.3% sales growth.
That bodes well for NWBI stock, which is up 26% in the last year, including a big spike from $15 to $19 in November after Trump’s election.
The company pays a handsome dividend too, yielding 3.8%, and has increased its 16-cent quarterly payout by a penny every year since 2010.
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