Regional Banks’ Dividends Look Safe Despite Panic
This post was originally published on this site
The Silicon Valley Bank failure set off an earthquake that’s still reverberating across the regional bank landscape.
The
SPDR Regional Banking
exchange-traded fund (ticker: KRE) has lost about a third of its value since March 8, when the bank’s liquidity problems surfaced publicly. The upheaval raises an important question for investors in regional bank shares: How safe are their dividends, a key attraction of these stocks? Answer: safer than some fear.