My one-hundred-and-forty-third YouTube video “Quick Pick Truist Financial” went up today.
My Quick Pick this week is Truist Financial Corp (TFC), a “super-regional” bank based in the Southeast. Bank stocks have been down recently on rising costs (got to pay more to keep your good people these days), but Truist Financial, formed through a merger of BB&T and Sun Trust, is still taking out acquisition costs. My rule of thumb these days is to buy a dividend stock when the yield hits 4% or more. Thanks to the retreat in bank stocks Truist Financial now pays 4.02 plus with its share buyback plan the total yield hits 5.75%. I’ll be adding this Monday to my Dividend Portfolio on JubakPicks.com and JubakAM.com.
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Here’s the link: