Financial service companies’ profitability tends to be tied to the economic cycle. Firms in this sector offer services ranging from investment banking to consumer finance. 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.
Bridge Bancorp, Inc. (NASDAQ:BDGE)
BDGE has a good dividend yield of 2.60% and is paying out 48.61% of profits as dividends . Although shareholders haven’t seen an increase in DPS in 10 years, the company has been reliable and hasn’t missed a payment, which is what you want from a dividend payer.
The First of Long Island Corporation (NASDAQ:FLIC)
FLIC has a sizeable dividend yield of 2.02% and pays 38.90% of it’s earnings as dividends . FLIC’s last dividend payment was $0.6, up from it’s payment 10 years ago of $0.2667. Much to the delight of shareholders, the company has not missed a payment during this time.
Bryn Mawr Bank Corporation (NASDAQ:BMTC)
BMTC has dividend yield of 2.00% and distributes 37.35% of its earnings to shareholders as dividends . BMTC’s DPS have risen to $0.88 from $0.52 over a 10 year period. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend.
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.