Why Zions (ZION) is a Top Dividend Stock for Your Portfolio

Company Overview - Zions Bancorporation (ZION) is headquartered in Salt Lake City and has experienced a price change of -2.01% this year [3] - The company currently pays a dividend of $0.43 per share, resulting in a dividend yield of 3.24%, which is higher than the Banks - West industry's yield of 3.1% and the S&P 500's yield of 1.5% [3] Dividend Performance - Zions has an annualized dividend of $1.72, reflecting a 3.6% increase from the previous year [4] - Over the past five years, Zions has increased its dividend three times year-over-year, with an average annual increase of 5.20% [4] - The current payout ratio is 31%, indicating that the company pays out 31% of its trailing 12-month earnings per share as dividends [4] Earnings Growth and Future Outlook - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $5.78 per share, representing a year-over-year growth rate of 16.77% [5] - The future growth of dividends will depend on earnings growth and the payout ratio [4] Investment Considerations - Zions is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy) [6] - The company is positioned well as a dividend option, especially compared to high-growth businesses or tech startups that typically do not offer dividends [6]