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Bridge Bancorp Dividend Offers Higher Yield Than Other Bonds

 April 09, 2012 03:15 PM


Financial services provider Bridge Bancorp's (Nasdaq: BDGE) dividend offer a better yield than any other bonds. The company recently maintained its quarterly dividend of 23 cents a share. The dividend is payable on May 1 to the shareholders of record on April 19. The stock will be ex-dividend from April 17. The company has been paying the dividend since 1990.

While the current dividend payout ratio is 60 percent, five-year average dividend payout ratio works out to 63 percent. The latest dividend presents 4.4 percent yield and the five year average yield represents 4.30 percent.

The U.S. Treasuries five year Bond offers a yield of 0.89 percent only, while triple A rated Municipal Bonds 0.82 percent and double A rated bonds offer slightly higher yield of 1.16 percent. Triple A rated corporate bond yield is also only 2.14 percent and double A rated corporate bond yield works out to 1.73 percent.

However, the return on investments on Bridge Bancorp for the one year is a negative 2.55 percent. But the return on investments for the three year period represents 18.15 percent, while last five years provided only 3.12 percent of return on investments. Debt to equity ratio is also high at 15 percent versus industry's 2 percent.

The company's profit earning ratio is only 14 percent, whereas industry's profit earning ratio is 32 percent suggesting that there is enough room for upward trajectory.

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