Big banks aren’t necessarily better banks. This is evident by the huge swath of regional and community banks that dot the investment landscape. And sometimes going slightly smaller can actually produce better results. Our Best Dividend Stocks List pick is a prime example of that.
Our pick is a regional bank that continues to get it right. This includes its large operating area which covers a key section of the nation, allowing the company to grow into a $25 billion mid-range behemoth. This nice size and operating scope have allowed our pick to become a top dividend name throughout its history. In fact, our pick has managed to raise its payout steadily for nearly 45+ years. The stock is expected to go ex-dividend next on Friday, March 18, 2022 (estimated date).
And there’s plenty of opportunity for growth as well.
Thanks to continued growth in the economy, loan demand is rising. At the same time, the move toward higher interest rates will directly benefit our pick’s net interest margins, perhaps more so than larger banks. And since our pick doesn’t have either trading or investment bank operations under its belt, it can make the most of the new rate environment.
In order to make room for this bank and another top chemicals stock, we had to remove two omnichannel retailers from our list this week.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
