Camden National And Other Great Financial Income Stocks
The fortunes of financial services companies often follow that of the broader economy. These companies provide services ranging from consumer finance to investment banking. During downturns, financial services companies tend to be hit the hardest as net interest margins shrink and credit losses grows. However, during prosperous times, they report robust profits and many pay attractive dividends. I’ve made a list of other value-adding dividend-paying stocks in the financial industry for you to consider for your investment portfolio.
Camden National Corporation (NASDAQ:CAC)
CAC has a wholesome dividend yield of 2.33% and their payout ratio stands at 50.27% . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.64 to $1. The company has been a dependable payer too, not missing a payment in this 10 year period. Over the next 12 months, analysts are predicting double digit earnings growth of 79.78%. Dig deeper into Camden National here.
The First of Long Island Corporation (NASDAQ:FLIC)
FLIC has a decent dividend yield of 2.14% and pays out 40.14% of its profit as dividends . FLIC’s dividends have seen an increase over the past 10 years, with payments increasing from $0.2667 to $0.6 in that time. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Interested in First of Long Island? Find out more here.
Luther Burbank Corporation (NASDAQ:LBC)
LBC has a great dividend yield of 5.16% and the company currently pays out 40.49% of its profits as dividends . LBC’s dividend alone will put you better off than your bank interest, but the company’s yield isn’t only higher than the low risk savings rate. It’s also amongst the market’s top dividend payers. The company outperformed the us mortgage industry’s earnings growth of 10.05%, reporting an EPS growth of 29.90% over the past 12 months. More detail on Luther Burbank here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
