Dive into an alluring blend of reliable dividends and diversified returns. This well-covered, large-cap Financial Services powerhouse has been turning heads with its 13-year track record of increasing dividends, placing it within the top 10% of dividend stocks globally.
This remarkable trend is not expected to halt any time soon. Bucking the trend of equity market influence with its low beta of 0.43, this stock offers an appealing shield against unpredictable market fluctuations. While standing strong against its industry peers with a year-to-date return of 18%, it’s closing the gap with the S&P 500’s 21% return.
Imminently, investors can look forward to an enticing estimated payout of $1.100 per share around August 4.
Compared to this portfolio’s benchmark, the stock also performed better since making it to this portfolio back in May 2023.
This steadfast player has been reaffirmed as a core holding in the Best Dividend Stocks model portfolio, after rigorous optimization for Yield Attractiveness, Dividend Safety, Returns Potential, and Returns Risk.
We also take into account the growth drivers and financial results discussed by the company management during their Q2 2023 earnings call held on July 27, 2023.
Stay tuned for our in-depth analysis, coming up next.
