NasdaqGS Top Financial Dividend Paying 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. 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. I’ve identify the following financial stocks paying high income, which may increase the value of your portfolio.
Stock Yards Bancorp, Inc. (NASDAQ:SYBT)
SYBT has a good-sized dividend yield of 2.19% and is distributing 40.16% of earnings as dividends . Over the past 10 years, SYBT has increased its dividends from $0.4268 to $0.84. They have been dependable too, not missing a single payment in this time.
United Financial Bancorp, Inc. (NASDAQ:UBNK)
UBNK has a decent dividend yield of 2.70% and is distributing 40.39% of earnings as dividends . The company’s DPS have increased from $0.1055 to $0.48 over the last 10 years. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period.
Universal Insurance Holdings, Inc. (NYSE:UVE)
UVE has a solid dividend yield of 2.55% and is currently distributing 23.25% of profits to shareholders . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from $0.18 to $0.69 over the past 10 years. When we compare Universal Insurance Holdings’s PE ratio with its industry, the company appears favorable. The US Insurance industry’s average ratio of 17.3 is above that of Universal Insurance Holdings’s (11.3).
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.
