Regions Financial Is Down But Increased Its Dividend

Despite being on the price downside regional bank Regions Financial (RF) raised its quarterly cash dividend 5.6 percent to 38 cents per share. RF will pay the dividend January 2, 2007 to shareholders of record as of December 19, 2007. The current dividend yield is 6.20 percent.

RF has increased its dividend for 37 consecutive years and has paid cash dividends for 147 consecutive quarters so the stock is an excellent candidate for a long-term dividend reinvestment portfolio.

But monitor RF before you buy it, because buying on the downside is always risky.

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Posted November 10, 2007.