NEW YORK ( TheStreet) -- Citigroup ( C) and Bank of America ( BAC) may be popular with investors, but those looking for dividends have to look elsewhere. TheStreet ran a screen for financial stocks with a market cap of more than $1 billion that have a price-to-earnings ratio of less than 10 and a dividend yield of more than 5%. Here are five stocks that meet those criteria and may be worth a look. First, though, a few words of caution. Though price-to earnings is a popular way of looking at a stock, you need to ask yourself if past earnings are sustainable. As for the dividend, no one says a company can't cut it, or even eliminate it.
5. Banco Santander ( STD)
4. Chimera Investment Corp. ( CIM)
3. Cincinnati Financial Corp. ( CINF)
This Fairfield, Ohio-based property and casualty insurer earned $27 million after taxes in the second quarter. Its revenues in the first half of the year were roughly flat versus the same period last year, as higher investment income compensated for lower insurance premiums. Nonetheless, the company cited improved underwriting results in the second quarter versus the same period in 2009. It said it was forced to cut prices in the first half of the year to slow the loss of account renewals.
2. KKR Financial Holdings ( KFN)
1. Mercury General ( MCY)