One of the problems with being too big is that it can be hard to find real growth. This is particularly true in the banking sector. That’s why regional and community banks can be a real winner for investors. Just like our newest Best Dividend Stocks Model Portfolio pick. Our pick’s smaller focus has helped it see rising loan and deposit growth for years!
The reason to be excited is our pick’s operating region. In this case, we’re talking about Puerto Rico and Florida. As one of the main banks in Puerto Rico, our pick has a major foothold in this region. Meanwhile, its operating footprint in Florida has allowed it to keep customers after immigrating or moving to the continental states. The end result is a strong bank that’s continued to see plenty of growth.
Meanwhile, its own M&A – as well as being a buyout target itself – continues to add plenty of additional potential for the firm. All in all, our pick makes for an interesting and strong dividend-paying stock.
In order to make room for our new regional banking pick, we’ve removed a home improvement retailer from the list.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
