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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (44192)	9/2/2011 10:43:12 AM
From: Wallace Rivers	Read Replies (2) \| Respond to of 78594

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%.