Rising rates aren’t bad for everyone. In fact, there are several sectors of the market that are benefiting from the Fed’s recent shift to tapering. And one of the best happens to be the insurance stocks, and that includes our latest Best Financial Dividend Stocks List pick.
Our pick is one of the largest providers of annuities and retirement products on the market. Thanks to rising rates, our pick has been able to feast on its portfolio of bonds and other fixed income holdings. Meanwhile, its asset management business has surged as investors look for advice during these volatile times. The combination has provided our pick with plenty of growth and cash flows for its investors.
With new forays into ETFs, rising 401(k) retirement plan adoption and the additional need for income/insurance products, our pick has a long runway for future profits. With 10+ years’ worth of dividend growth already behind it, investors should watch for the stock when it goes ex-dividend next on Friday, September 9 (estimated date).
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
