Why BankUnited, Inc. (BKU) is a Top Dividend Stock for Your Portfolio

Company Overview - BankUnited, Inc. (BKU) is headquartered in Miami Lakes and operates in the Finance sector [2] - The stock has experienced a price change of 14.28% since the beginning of the year [2] Dividend Information - BankUnited is currently paying a dividend of $0.29 per share, resulting in a dividend yield of 3.13% [2] - The company's annualized dividend of $1.16 has increased by 9.4% from the previous year [2] - Over the last 5 years, BankUnited has raised its dividend 4 times, achieving an average annual increase of 6.41% [2] - The current payout ratio is 43%, indicating that the company paid out 43% of its trailing 12-month EPS as dividends [2] Earnings Growth - The Zacks Consensus Estimate for BankUnited's earnings in 2024 is $2.86 per share, with an expected increase of 1.06% from the previous year [3] Investment Perspective - Dividends are favored by investors as they enhance stock investing profits and reduce overall portfolio risk [4] - BankUnited is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]