Providing retirement plans, annuities and investments is a pretty profitable business – no matter what the market does, you’re still able to collect fees for service. And while fee compression has hurt some asset managers, those that have a foothold in providing 401(k) and similar account management continue to realize growing revenues. This is also true for our Best Financial Dividend Stocks List pick.
Our pick is one of the largest providers of such plans in the nation, providing a steady stream of fees as retirement savings continue to grow. At the same time, our pick is a leading insurance provider as well. In addition to annuities, it offers a variety of options for consumers and businesses. New areas like disability insurance have seen an explosion of interest in the post-pandemic year.
The combination has allowed our pick to provide plenty of cash flow, profit and sales growth throughout its history. And it’s not shy about sharing that growth with investors. The stock currently yields 3.5% and it has been raising that dividend for more than 10 years straight. Investors can catch that wealth when the stock goes ex-dividend on March 7 (estimated date).
You can check out the Best Financial Dividend Stocks List.
