This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Liquid Bank Stocks With Highest Dividend Yields

10. Dime Community Bancshares

Dime Community Bancshares (WSBC) of Brooklyn, N.Y. has seen its stock return 12% over the past year, closing at $13.65 Friday. Based on a quarterly payout of 14 cents, the shares have a dividend yield of 4.10%. Dime had the second-highest yield among TheStreet's conservative list of 10 Bank Dividends with Room to Rise.

The company had $4.1 million in total assets as of March 31, with 26 branches in Brooklyn, Queens and the Bronx, as well as in Nassau County on Long Island.

Dime reported first-quarter net income of $11.1 million, or 33 cents a share, increasing from $9.5 million, or 28 cents a share, during the first quarter of 2010. Earnings were boosted by a decline in the company's provision for loan losses to $1.4 million in the first quarter from $3.4 million a year earlier. Net interest income increased 7% year-over-year, to $35 million.

Dime's first-quarter return on average assets (ROA) was 1.08%, and its dividend payout ratio -- dividends declared divided by earnings-per-share -- was 42% during the first quarter, according to SNL Financial. Dime's payout ratio has been 50% or lower over the past five quarters, which is why the company was included in the list of 10 Bank Dividends with Room to Rise.

After the first-quarter results were announced, Matthew Kelley of Sterne Agee reiterated his neutral rating on Dime Community, saying that the shares were fairly valued, but estimating a "potential terminal value" ranging from $17 to $19 a share, "or 10x-11.5x pro forma 2012 earnings with 25% cost saves."

Kelly lowered his 2011 earnings estimate for Dime by a nickel to $1.29 a share, and his 2012 estimate by six cents to $1.30.

The consensus among analysts polled by FactSet is for the company to earn $1.34 a share during 2011. The shares trade for 10 times the consensus 2012 earnings estimate of $1.41 a share.

Two of the eight analysts covering Dime Community Bancshares rate the stock a buy, while the remaining analysts all have neutral ratings.

2 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs