Often, some of the best banking plays can be found beyond the major money-center banks. Regional banks can offer plenty of deposit and loan growth leading to strong dividends for investors, including our latest Best Dividend Stocks Model Portfolio pick. The firm has used its location in one of the fastest-growing areas of the country to boost its loan and deposit base over the years, rewarding shareholders with two-years’ worth of dividend growth.
Our new pick operates in Southern California. Thanks to a fast-growing population and strong economy, this area of the country continues to see growth. At the same time, our pick doesn’t focus on consumers. It’s a commercial bank offering products for business, government and enterprise customers. This provides a different niche – one that comes with additional fees for these services.
The end result is an interesting regional banking play in a strong area of the country.
In addition to our new bank, we’ve also added a home improvement retailer to the portfolio as well as removed a tech infrastructure play and a different regional bank from the list.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
