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Submission: On October 16 via api from BE — Scanned from DE
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* Home * Dividend Investing * Dividend Calculator * Safety Net * Retirement Planning * 50 Retirement Quotes: Inspirational and Funny Retirement Sayings * Market Trends * Income Opportunities * Bond Investing * Extra Income * Options Trading * Biotech Stocks * Energy Stocks * The Value Meter * Tools * Dividend Calculator * Stock Position Size Calculator * Retirement Readiness Calculator * Mutual Fund Calculator * Compound Interest Calculator * Financial Literacy * Best Finance Books * Financial Terms * About Us * Claim Your Free Dividend Package An Oxford Club Publication Customer Service: oxfordclub.com/contact-us | 877.808.9795 | M - F, 8 a.m.-8 p.m. ET Search * Home * Dividend Investing * Dividend Calculator * Safety Net * Retirement Planning * 50 Retirement Quotes: Inspirational and Funny Retirement Sayings * Market Trends * Income Opportunities * Bond Investing * Extra Income * Options Trading * Biotech Stocks * Energy Stocks * The Value Meter * Tools * Dividend Calculator * Stock Position Size Calculator * Retirement Readiness Calculator * Mutual Fund Calculator * Compound Interest Calculator * Financial Literacy * Best Finance Books * Financial Terms * About Us * Claim Your Free Dividend Package Home Safety Net Can Northwest Bancshares Afford Its 6% Yield? CAN NORTHWEST BANCSHARES AFFORD ITS 6% YIELD? written by Marc Lichtenfeld Wednesday, October 16, 2024 Northwest Bancshares (Nasdaq: NWBI) has been around since the Grover Cleveland administration, having been founded back in 1896. The bank has 139 branches and drive-through centers in Pennsylvania, Ohio, Indiana, and New York. Its stock, a small cap with a $1.7 billion market cap, sports a juicy 6% yield. For banks, our measure of cash flow is net interest income – the difference between the income earned by lending money and the cost to borrow the funds that are lent out. Northwest Bancshares has been steadily growing its net interest income for years. It generated $361 million in net interest income in 2020, $391 million in 2021, $421 million the following year, and $436 million last year. This year, the company is forecast to bring in $450 million in net interest income. In the meantime, it paid out only $102 million in dividends last year for a payout ratio of just 23%. It is expected to maintain the same payout ratio this year. Northwest Bancshares has paid a dividend since 2010, and it raised the payout every year from 2011 through 2021. It also paid a total of three special dividends from 2012 to 2014, including a big $1 per share payout in 2014. Given that the company is paying out only $0.23 in dividends for every dollar of net interest income, Northwest Bancshares could easily afford to raise the dividend again. With a very low payout ratio and a strong track record of paying dividends with no reductions, there is absolutely no reason to think a dividend cut is on the horizon. In fact, if anything, management should be considering a dividend raise. This 6% yield is very safe. Dividend Safety Rating: A What stock’s dividend safety would you like me to analyze next? Leave the ticker in the comments section. You can also take a look to see whether we’ve written about your favorite stock recently. Just click on the word “Search” at the top right part of the Wealthy Retirement homepage, type in the company name and hit “Enter.” Also, keep in mind that Safety Net can analyze only individual stocks, not exchange-traded funds, mutual funds or closed-end funds. DISCOVER THE #1 OIL AND GAS PLAY OF 2024 Marc Lichtenfeld, Chief Income Strategist for the Oxford Club, just released his best income idea yet. It’s not a stock, bond or private company… but this little-known alternative investment could hand you BIG MONTHLY INCOME. Click here to find out what it is. bankingdividend safetydividendsNorthwest BancsharesNWBISafety Net 0 Facebook Twitter Google + Pinterest MARC LICHTENFELD Marc Lichtenfeld has studied the markets for more than 22 years. After getting his start on the trading desk at Carlin Equities, he moved over to Avalon Research Group as a senior analyst. Marc was also a senior columnist at Jim Cramer’s TheStreet. Currently, Marc is the Chief Income Strategist at Wealthy Retirement and The Oxford Club. He is an author, speaker and financial guru to 500,000 readers who receive his publications each week. His readers include teachers... engineers... sound technicians... real estate investors... financial advisors... business developers... law enforcement officers... people from all walks of life. Marc’s mission is to help every one of them generate a safe and steady stream of retirement income that never runs out. Marc’s top-notch research makes him a sought-after media guest. He has appeared on CNBC, Fox Business and Yahoo Finance. A few of his appearances are below… If you want to feature Marc, please reach out on our contact page. MARC IN THE MEDIA Marc Lichtenfeld Talks About Gary Cohn’s Resignation Outlet: Fox Business Date: March 22, 2018 Category: Television Description: Marc appears on Fox Business’ Mornings With Maria segment to discuss Gary Cohn’s resignation. Marc Lichtenfeld Discusses America’s Retirement Crisis Outlet: Bloomberg Radio Date: March 22, 2018 Category: Radio/Podcast Description: Marc makes a guest appearance on Bloomberg Radio to discuss America’s retirement crisis. Click Here to See a Full List of Marc's Appearances MARC LICHTENFELD BOOKS Marc Lichtenfeld’s first book, Get Rich With Dividends: A Proven System for Double-Digit Returns, achieved best-seller status after its release in 2012. Since, the book has gone through 30 printing runs. And in 2016, the Institute for Financial Literacy named it “Book of the Year.” In early 2018, Marc released his second book, You Don’t Have to Drive an Uber in Retirement: How to Maintain Your Lifestyle without Getting a Job or Cutting Corners, which hit No. 1 on Amazon’s best-seller list. To learn more about Marc’s books, check out our Best Finance Books. ARTICLES BY MARC LICHTENFELD previous post THE BEST WAY TO REDUCE RISK IN YOUR PORTFOLIO RELATED POSTS MEDICAL PROPERTIES TRUST: THIS 9% YIELD IS NO... Wednesday, September 20, 2023 IS THIS TECH GIANT’S DIVIDEND SAFE? Wednesday, September 30, 2020 WHY ENTRAVISION COMMUNICATIONS’ DIVIDEND COULD BE AT RISK Wednesday, September 4, 2024 A COVID-19 DOWNGRADE OF A DIVIDEND ARISTOCRAT Wednesday, April 29, 2020 CAN THIS 10.4% DIVIDEND REALLY BE SAFE? Wednesday, February 28, 2018 ET STOCK’S 9.6% YIELD COMES WITH A RED... Wednesday, July 5, 2023 A POPULAR 6% YIELDER WITH DETERIORATING DIVIDEND SAFETY Wednesday, May 4, 2022 WILL FALLING CASH FLOW END THIS 12% YIELD? Wednesday, September 28, 2022 A 4.5% YIELD EVEN MORE RELIABLE THAN ITS... Wednesday, April 28, 2021 A 9.6% YIELDER LIKELY TO CUT AGAIN Wednesday, January 12, 2022 MEDICAL PROPERTIES TRUST: THIS 9% YIELD IS NO... Wednesday, September 20, 2023 IS THIS TECH GIANT’S DIVIDEND SAFE? Wednesday, September 30, 2020 WHY ENTRAVISION COMMUNICATIONS’ DIVIDEND COULD BE AT RISK Wednesday, September 4, 2024 A COVID-19 DOWNGRADE OF A DIVIDEND ARISTOCRAT Wednesday, April 29, 2020 CAN THIS 10.4% DIVIDEND REALLY BE SAFE? Wednesday, February 28, 2018 ET STOCK’S 9.6% YIELD COMES WITH A RED... Wednesday, July 5, 2023 A POPULAR 6% YIELDER WITH DETERIORATING DIVIDEND SAFETY Wednesday, May 4, 2022 WILL FALLING CASH FLOW END THIS 12% YIELD? Wednesday, September 28, 2022 A 4.5% YIELD EVEN MORE RELIABLE THAN ITS... Wednesday, April 28, 2021 A 9.6% YIELDER LIKELY TO CUT AGAIN Wednesday, January 12, 2022 BUILD THE RETIREMENT YOU DESERVE Get FREE insight from the best in the business. Join Wealthy Retirement today, and let us help you take charge of your golden years. By submitting your email address, you will receive a free subscription to the Wealthy Retirement e-letter, and offers from us and our affiliates that we think might interest you. You can unsubscribe at any time. 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