Do Bank Stocks Pay Dividends?

Bank Stock Dividends

Last Updated on 06/11/2017 by GS Staff

Many bank stocks do pay dividends, but not all of them. You must look at each bank stock individually to determine if it pays a dividend.

You can determine if a bank stock pays a dividend by going to a financial website like Yahoo! Finance and searching for a particular bank. The dividend information is typically readily available with the dividend paid and the yield information.

Generally, the mega banks like Bank of America and JPMorgan Chase pay dividends. However, the smaller or regional banks may not offer a dividend. It varies from bank to bank.

The below table gives you an idea of the dividends paid by banks. The first table reflects the nine largest banks in the United States. As you can see, all of these banks pay a dividend.

CompanyStock symbolTotal Assets DividendDividend Yield
JPMorgan Chase(JPM)$2,490,972,0002.002.26%
Bank of America Corp.(BAC)$2,187,702,000.301.26%
Wells Fargo(WFC)$1,930,115,0001.522.79%
U.S. Bancorp(USB)$445,964,0001.122.22%
PNC Financial(PNC)$366,380,0002.201.80%
Bank of New York Mellon Corporation(BK)$333,469,000.761.61%
Capital One(COF)$357,033,0001.601.93%

Now, let’s take a look at a random selection of smaller bank stocks. You can see that some banks offer a dividend while others do not.

CompanyStock symbolTotal Assets DividendDividend Yield
Charter Financial Corporation(CHFN)$1,438,389,236.241.17%
Flagstar Bancorp(FBC)$14,053,00000
Ohio Valley Banc Corp(OVBC)$954,640.842.96%
Salisbury Bancorp(SAL)1.122.86%
Sunshine Bancorp(SBCP)$931,43500
First Guaranty Bancshares(FGBI)$1,500,946.642.59%
Colony Bankcorp(CBAN)$1,210,441,617.10.74%
Source: Yahoo! Finance

Remember, it is not always a bad thing when a company does not offer a dividend. Often smaller companies use all of their funds for maximizing growth instead of issuing dividends. A company in accelerate growth mode may see their stock price increase well beyond what would have been realized from a dividend paying stock.

*Note that the above date is for educational purposes only and is not necessarily update to date information. Do not rely on the information for investment decisions.