This is Why BankUnited, Inc. (BKU) is a Great Dividend Stock

Company Overview - BankUnited, Inc. (BKU) is based in Miami Lakes and operates in the Finance sector, with a year-to-date share price change of 14% [3] - The company currently pays a dividend of $0.29 per share, resulting in a dividend yield of 3.14%, which is slightly below the Banks - Major Regional industry's yield of 3.33% and significantly above the S&P 500's yield of 1.57% [3] Dividend Performance - The annualized dividend of BankUnited is $1.16, reflecting a 9.4% increase from the previous year [4] - Over the past five years, BankUnited has increased its dividend four times, achieving an average annual increase of 6.21% [4] - The current payout ratio stands at 43%, indicating that the company distributes 43% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2024, the Zacks Consensus Estimate projects earnings of $2.88 per share, representing a 1.77% increase from the previous year [5] Investment Appeal - BankUnited is recognized as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]