Over the last 7 days, the United States market has dropped 4.4%, and over the past year, it has remained flat overall, though earnings are forecast to grow by 13% annually. In this context, dividend stocks like Hanmi Financial can be appealing as they offer potential income stability and growth prospects in uncertain market conditions.
Overview: Hanmi Financial Corporation, with a market cap of $643.35 million, operates as the holding company for Hanmi Bank, offering business banking products and services in the United States.
Operations: Hanmi Financial Corporation generates revenue primarily through its financial services segment, which accounted for $229.94 million.
Dividend Yield: 5%
Hanmi Financial recently increased its quarterly dividend to US$0.27 per share, reflecting a positive move for income-focused investors despite a historically volatile dividend track record. The current payout ratio of 48.7% indicates dividends are well-covered by earnings, with forecasts suggesting further improvement to 39.5% in three years. However, the company's dividends remain slightly below top-tier yields in the US market and have shown instability over the past decade.
Overview: Western New England Bancorp, Inc. is the holding company for Westfield Bank, offering a variety of commercial and retail banking products and services to individuals and businesses, with a market cap of $175.52 million.
Operations: Western New England Bancorp, Inc. generates revenue primarily through its Community Banking segment, which accounts for $73.39 million.
Dividend Yield: 3.3%
Western New England Bancorp declared a quarterly dividend of US$0.07 per share, with a payout ratio of 50.2%, indicating dividends are covered by earnings. Despite recent growth in net income to US$3.29 million, the dividend yield remains below top-tier levels at 3.28%. The company has a history of volatile dividends over the past decade but has shown an increase in payments during that time. Additionally, it completed a share buyback program totaling US$4.39 million for 2.5% of shares outstanding.
Overview: Central Pacific Financial Corp. is the bank holding company for Central Pacific Bank, offering a variety of commercial banking products and services to businesses, professionals, and individuals in the United States, with a market cap of $680.88 million.
Operations: Central Pacific Financial Corp. generates its revenue primarily through its banking segment, which accounts for $240.58 million.
Dividend Yield: 4.3%
Central Pacific Financial's dividend payments have been stable and reliable over the past decade, with a recent increase to US$0.27 per share. The current payout ratio of 52.7% suggests dividends are well-covered by earnings, and forecasts indicate this will improve to 36.2% in three years. Despite trading at a significant discount to its estimated fair value, CPF's dividend yield of 4.27% is below top-tier levels in the U.S., but remains attractive for consistent income seekers amidst recent leadership changes enhancing operational expertise.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
