Something can be said for simplicity. This is particularly true when it comes to the banking industry – and that’s why community banks offer some of the most steadfast and stable dividends around. Our latest Best Dividend Capture Stocks List pick could be one of them. Continually operating since 1902, our pick has been a rock in its region for decades and recently started on the path of dividend growth again.
Operating across Pennsylvania, Ohio and the western region of New York, our pick is small in size but not in stature or asset quality. And that’s been the key to its long-term dividend payouts and recent success. With a simple savings and loan model in an area where banking choices are limited, our pick has continued to grow its asset base and avoid all the issues facing money-center banks. There’s no prop trading here.
The end result is that our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Wednesday, November 2, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 9.9 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest banking pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
