On Tuesday, shares of Bank of NT Butterfield & Son Ltd (NTB) yielded over 4%, trading as low as $49.99, with an annualized dividend of $2. This yield positions NTB as an attractive option for dividend-focused investors, especially in light of historical data showing that dividends have significantly contributed to total returns in the stock market.
Historically, between May 31, 2000, and May 31, 2012, despite a slight decline in the share price of the iShares Russell 3000 ETF (IWV), investors received $10.77 per share in dividends, resulting in a total return of 13.15%. As a member of the Russell 3000, NTB’s dividend potential is noteworthy, although future dividends will depend on its profitability.
