5. Flushing Financial ( FFIC) of Lake Success, N.Y., was the most expensive relative to book value of the group of five, although the price-to-tangible book ratio was a low 1.15, according to SNL Financial. Shares closed at $14.04 Tuesday, down 4.5% during May, but up 17% year to date. Shares are yielding 4% on a quarterly dividend payout of 13 cents. While the thrift has experienced some asset-quality deterioration during the credit crisis, Flushing's loan losses have been minimal. Nonperforming assets comprised 2.16% of total assets as of March 31, but the annualized net charge-off ratio for the first quarter was just 0.28%, with charge-offs of just 0.33% in 2009. Shares appear very inexpensive at nine times projected earnings for 2012, especially when you consider that they traded at 17 times earnings at the end of 2006. With a good dividend payout and so much potential based on value, Flushing is another good, conservative play for investors looking for bargains.
Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, Bank Mutual Corp will trade ex-dividend, for its quarterly dividend of $0.04, payable on 2/27/15. As a percentage of BKMU's recent stock price of $7.02, this dividend works out to approximately 0.57%, so look for shares of Bank Mutual Corp to trade 0.57% lower — all else being equal — when BKMU shares open for trading on 2/11/15.