It takes skill to operate a holding company and cobble together a collection of assets that produce ample cash flows. But that’s just what our latest pick for our Best Financial Dividend Stocks List has done. Our pick has a long history of owning businesses as well as selling those businesses at a later date to produce strong gains for its investors.
With interests in shipping and utility operations, our pick owns a diverse collection of businesses that are ready to take advantage of gains in the global economy. As both demand for goods and need for power rises, our pick’s cash flows are set to rise as well.
As a newly formed company- it existed before under other names- it’s just beginning its dividend journey. However, it’s already managed to raise its payout by 33% in just one year. With more gains to come, investors can lock in a high 3.5% yield and profit from future increases. The stock is expected to go ex-dividend next on Friday, April 15, 2022 (estimated date).
You can check out the Best Financial Dividend Stocks List.
