Current News
People's United Financial, Inc (NASDAQ: PBCT) today reported net income of$58.6 million, or$0.17per share, for the first quarter of 2012, compared to$51.7 million, or$0.15per share, for the first quarter of 2011, and$43.0 million, or$0.12per share, for the fourth quarter of 2011. Operating earnings were$60.6 million, or$0.18per share, for the first quarter of 2012, compared to$53.8 million, or$0.15per share, for the first quarter of 2011 and$58.7 million, or$0.17per share, for the fourth quarter of 2011.
The Board of Directors of People's United Financial voted to increase the common stock dividend to an annual rate of$0.64per share. Based on the closing stock price onApril 18, 2012, the dividend yield on People's United Financial common stock is5.0 percent. The quarterly dividend of$0.16per share is payableMay 15, 2012to shareholders of record onMay 1, 2012.
