Joseph Hogue suggests Bank United as a buy, noting its 8% dividend increase resulting in a 4.8% yield and a 5% annual dividend growth over five years. The stock trades at a significant discount to book value (0.66x) after a recent sell-off, and its focus on traditional commercial and retail banking in growing regions provides stability.
“I'm watching Bank United ticker BK bku just gave us a really good sign of its own cash flow with an eight percent increase in its dividend to 27 cents a share now that gives it a very high 4.8 yield and the bank has grown that dividend by five percent annually over the past five years so very strong record of dividend growth there the sell-off took the shirts 35 percent lower in March uh bku now trades for just 0.66 times Book value about half the valuation from what we saw last year.”