Why NBT Bancorp (NBTB) is a Top Dividend Stock for Your Portfolio

Company Overview - NBT Bancorp (NBTB) is a financial holding company headquartered in Norwich, operating in the Finance sector [3] - The stock has experienced a price decline of 9.17% since the beginning of the year [3] Dividend Information - NBT Bancorp currently pays a dividend of $0.34 per share, resulting in a dividend yield of 3.14%, which is higher than the Banks - Northeast industry's yield of 2.89% and the S&P 500's yield of 1.57% [3] - The annualized dividend of$ 1.36 has increased by 3% from the previous year, with a historical average annual increase of 5.42% over the past five years [4] - The company's current payout ratio is 46%, indicating that it distributes 46% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $3.69 per share, reflecting a year-over-year growth rate of 25.51% [5] Investment Appeal - NBT Bancorp is considered an attractive dividend investment and a compelling opportunity, holding a Zacks Rank of 2 (Buy) [7]