The Conservative Investor Digest

I am very excited about the company I covered in this month’s edition of The Conservative Investor Digest. It is a somewhat small community bank stock that has delivered 24% annual returns since its IPO in 1997, meaning it would take a $19,600 investment at the IPO to have a million dollars today.

It benefits from a low dividend payout ratio that allows it to have an ongoing stream of cash to headquarters that can be deployed to make acquisitions or to open additional branches (across the entire bank, it has less than 1,000 branches in total.)

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