A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the first of five financial services sector stocks poised to join my Volio folio this week. This could be my fortieth pick for Volio!

That consumer cyclical sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

My subject today is a mid-cap regional bank named, People's United Financial Inc. Its trading ticker symbol is PBCT. This is my second report on People's United for this Volio portfolio. The previous report was on February 15th.

People's United Financial Inc has nearly $39 billion of assets. People's United Bank is one of the New England-based banks and among the top 50 in the U.S.

Of the bank's 450 locations, 40% are in Connecticut, where it ranks third by deposit market share. It also ranks among the top 10 in Vermont, New Hampshire, and Maine. The bank offers brokerage, financial advisory and wealth management, and insurance services.

Commercial real estate accounts for 35% of the loan book, C&I, and equipment financing accounts for another 35%, and the rest is in mortgages and consumer loans.

The company was founded in 1842 and is headquartered in Bridgeport, Connecticut.

I use three key data points to gauge dividend equities or funds like People's United Financial Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

PBCT Price

People's price per share closed at $11.45 yesterday. A year ago their price was $15.61. Price fell $4.16 or about 26.6% last year.

Assuming People's stock trades in the range of $8 to $18 this next year, its recent $11.45 price might rise by $1.05 to reach $12.50 by June `1, 2021.

PBCT Dividends

People's most recent declared quarterly dividend was $0.18 paid May 15th. That $0.18 Q dividend equates to $0.72 annually and yields 6.29% at Friday's $11.45 share price.

PBCT Gains?

Adding the $0.72 annual estimated dividend to my $1.05 optimistic estimate of People's price upside shows a $1.77 potential gross gain, per share, to be reduced by any costs to trade those shares.

Put little under $1,000.00  today in People's United Financial Inc shares at their $11.45 price, buys 87 shares of PBCT stock.

A $10 broker fee paid half at purchase and half at sale could cost about $0.11 per share.

Subtract that $0.11 brokerage cost from my estimated $1.77 gross gain per share results in a net gain of $1.66 X 87 shares = $144.42 for a 14.44% net gain on a $996.15 investment.

People's United Financial Inc shows a possible 14.44% net gain including a 6.29% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if People's United Financial Inc is worth it.