SOURCE: Paragon Financial Limited

Paragon Financial Limited

January 24, 2012 08:20 ET

Dividends From New York Community and People's United Poised for Growth

The Paragon Report Provides Equity Research on New York Community Bancorp & People's United Financial

NEW YORK, NY--(Marketwire - Jan 24, 2012) - Bank dividends are garnering significant attention from investors this year. According to a recent report from The Wall Street Journal, banks and thrifts increased or initiated more dividends in 2011 than in the previous two years combined. In all 123 banks and thrifts raised or initiated dividends last year, a 36% increase from 2010 and a 68% jump from last year, SNL Financial reports. The Paragon Report examines investing opportunities in the Savings & Loans industry and provides equity research on New York Community Bancorp, Inc. (NYSE: NYB) and People's United Financial, Inc. (NASDAQ: PBCT). Access to the full company reports can be found at:

Second Curve Capital LLC's Thomas Brown recently told Bloomberg that he expects several companies in the banking sector to boost their dividends. "One of the key positives for banks in 2012, big and small, will be significant increases in common-stock dividends," Brown explains. Bloomberg reports that the Federal Reserve has said it will approve dividend increases and other capital distributions for banks that demonstrate sufficient financial strength to operate under stressed markets.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Savings and Loans Industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters

Presently New York Community Bancorp pays an annual dividend of one dollar per share for a hefty yield of around 7.6 percent. New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.

People's United pays an annual dividend of 63 cents for a yield of 4.9 percent. People's United Financial, Inc. (People's United Financial) is a savings and loan holding company. The principal business of People's United Financial is to provide, through People's United Bank and its subsidiaries, commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers.

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