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The Income Investor

September, 2017 Archives

Foreign Bank Stocks with Astronomical 5% Yields

By Dr. Carla Pasternak

 

"Don't put your money in banks. Put it in bank stocks," so the stock market adage says. But you need to be selective.

 

2.18%. That's the average dividend yield of the big money center banks mainly in the U.S. These banks do business with government and corporations, not just with folks like you and me. They include names like Citigroup (C), Bank of America (BAC), Goldman Sachs (GS), and Bank of New York Mellon (BK), which all offer puny yields of less than 2%.

 

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