Associated Banc-Corp

Here’s another example of a stock with a great long-term track record that no one has ever heard of. Associated Banc-Corp (ASBC) is a mid-cap bank based in Green Bay, WI.
What’s interesting is that ASBC pays a generous dividend and it often has 10% or 20% stock dividends, so the stock’s true long-term record is a bit hidden.
Here’s a chart going back to the beginning of 1985. Since then, ASBC has had a total return of over 2,140%. The S&P 500 is up about 1,506%.

The stock is currently going for less than 14 times earnings and it’s yielding 3.8%.

Posted by Eddy Elfenbein on July 18th, 2007 at 11:32 am

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