Community Trust Bancorp Inc

Community Trust Bancorp reported second-quarter GAAP earnings per share of $1.64, beating analyst estimates by $0.12. Revenue came in at $78.5 million, an 11.8% increase year-over-year, exceeding expectations by $1.75 million. The results were announced in a company press release.

Zacks Investment Research identifies BP, Community Financial System, and Community Trust Bancorp as top-ranked dividend stocks offering retirees higher yields than traditional bonds. BP pays $0.49 per share with a 5.06% yield and 10.16% annualized dividend growth, while Community Financial System offers $0.47 per share at a 3.02% yield and Community Trust Bancorp pays $0.53 per share at a 3.10% yield. The report notes that 10-year Treasury yields have fallen from around 6.50% in the late 1990s to much lower levels today, reducing income for retirees. It also warns that Social Security funds are projected to run out of money by 2035, making higher-yielding dividend stocks a potential alternative for steady retirement income.