It seems like a lifetime ago, but the Great Recession was a watershed moment for the banking industry. Well-capitalized banks were able to grow bigger – and that included our latest Best Financial Stocks Dividend List pick!. Our pick was able to feast on smaller rivals and grow into one of the largest regional financial institutions around.
Thanks to smarter M&A, our pick has expanded beyond the confines of its original operating area into the mid-Atlantic states, the Midwest and even into the Sunbelt. This has provided it with numerous operatories 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.
All of this has helped keep the dividend growing for more than decade and pad its hefty 3.5% dividend yield.
In order to make room for our new regional pick, we’ve been forced to remove a large insurance stock from the list.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
