Week 7

This week will continue with last week’s theme by choosing three more banks. On Monday, February 11, the choice is New York Community Bancorp (NYCB). The current $0.17 quarterly payout creates a yield of over 5.6%. Unlike most of the other banks that I’ve selected in the last couple weeks, this one has been around for more than 150 years. And, despite the name, is actually the 44th largest bank in the country with over 200 branches in five states.

For Tuesday the selection is BB&T Bank (BBT). This bank is the 16th largest in the United States and was founded in 1906. The dividend currently sits at about 3.6% and the payout has been raised consistently for the last seven years. One of its subsidiaries, BB&T Insurance Holdings is also one of the largest insurance brokerages in the world. Another easy choice.

The third bank of the week will be S&T Bancorp (STBA). This is a true regional bank operating only in Pennsylvania, Ohio and New York. They’ve also been around for over 100 years and their dividends have been on the rise for the last six. The 2.75% yield is paid out at $0.27 per quarter. Another nice thing about this stock is that in price recovery data available since 1992, the average time for this stock to recover from its payout is just three days.

Oaktree Capital Group (OAK) is my choice for Thursday. With nearly a hundred stocks to choose from (the largest selection of the year so far), Oaktree stood out with its massive 7% yield. This company is different from all the others we have invested in this year in that it doesn’t really produce any of its own products. Its actually just a investment company that invests on behalf of pension plans, endowments, state retirement plans and wealth funds. This is an easy way for the average investor to go along for the ride with their “43 portfolio managers with an average experience of 23 years and nearly 1,000 years of combined industry experience.

Southern Company (SO), with its 4.9% yield and 17 straight years of dividend growth, is the easy choice for Friday. This is the second largest utility company in the United States and is a component of the S&P 100.