The fortunes of financial services companies often follow that of the broader economy. Firms in this sector offer services ranging from investment banking to consumer finance. Downturns can hit financial services companies hard as net interest margins shrink and credit losses grow. However, in good times, they report steady profits and many pay attractive dividends. As a long term investor, I favour these financial stocks with great dividend payments that continues to add value to my portfolio.
Dime Community Bancshares, Inc. (NASDAQ:DCOM)
DCOM has a decent dividend yield of 3.02% and their current payout ratio is 40.58% . Although DCOM have been a reliable payer, there has been no increase in the past 10 years. More detail on Dime Community Bancshares here.
Pzena Investment Management, Inc (NYSE:PZN)
PZN has a great dividend yield of 4.72% and pays out 128.01% of its profit as dividends . While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from $0.44 to $0.51. Pzena Investment Management could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months Dig deeper into Pzena Investment Management here.
Flushing Financial Corporation (NASDAQ:FFIC)
FFIC has a good dividend yield of 2.68% and the company currently pays out 50.92% of its profits as dividends . Over the past 10 years, FFIC has increased its dividends from $0.48 to $0.72. The company has been a dependable payer too, not missing a payment in this 10 year period. Over the next year, analysts are estimating a double digit EPS growth of 39.32%. Dig deeper into Flushing Financial 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.