People's United Financial hikes dividend by 1.4%

Dividend Aristocrat People's United Financial (PBCT) will raise its quarterly dividend by another 1.4 percent to $0.1825 per share in 2021. This follows a similar 1.4 percent dividend hike last year and marks the 28th consecutive year of higher dividend payments by the bank holding company.

The next dividend is payable May 15, 2021 to shareholders of record on May 3, 2021. The new annual rate of $0.73 per share yields 4.0% at a stock price of $17.90 for PBCT.

People's United Financial, Inc. is a bank holding company and a financial holding company. People’s United is the holding company for People’s United Bank, National Association, a national banking association headquartered in Bridgeport, Connecticut. The principal business of People’s United is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Traditional banking activities are conducted primarily within New England and southeastern New York, and include extending secured and unsecured commercial and consumer loans, originating mortgage loans secured by residential and commercial properties, and accepting consumer, commercial and municipal deposits.