When it comes to banks, the middle could be the best position. Regional banks offer the best of both worlds, offering stability because of their size as well as the ability to see real growth. And for our latest Best Dividend Stocks Model Portfolio pick, it’s been a great ride since the end of the Great Recession. And investors have also benefited with over a decade’s worth of dividend growth!
Thanks to smart M&A and key moves during the throes of the recession, our pick has expanded beyond the confines of its original operating area into the mid-Atlantic states, the Midwest, and even the Sunbelt. This has provided it with numerous opportunities to gather deposits, build out its loan portfolio, and become a powerhouse in investment management. With a hefty dose of technology spending, new apps, and customer-focused products, our pick has been able to improve margins and court new, younger customers.
For investors, this has created a top opportunity for growth and income potential.
In addition to our top regional bank pick, we’ve added a smaller community bank and rebalanced our portfolio to slightly increase our positions in a packaging company, snack food producer, a logistics firm and an industrial player. We’ve also removed a healthcare and insurance firm from the portfolio.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
