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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (44192)9/2/2011 10:43:12 AM
From: Wallace Rivers  Read Replies (2) of 78595
 
Anybody here following/own First Niagara Financial (FNFG). Obviously not in a go to place for the moment. However, yields north of 6%, and the dividend has been raised consistently, albeit slowly and in small increments, since 2003. It was dropped in 2002, do not know the reason for that.
I do know the company has acquired branches from HSBC in western and upstate NY, as well as making other strategic acquisitions throughout the northeast.
A very quick scan has indicated it is a well run bank, non performing loans at 3/31 were at .75%.
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