The banks are back! After hoarding cash during the COVID-19 crisis, the biggest banks are sitting on record cash piles that they now have permission to hand back to shareholders. Meanwhile, rising interest rates boost their bottom lines with regards to net interest margins. This is a huge win for the latest selection for our Best Financial Dividend Stocks List
Our new pick is one of – if not the largest bank in the world. Featuring billions in assets, a thriving commercial and personal banking portfolio, as well as plenty of investment/capital management arms, its size and scope put it in a league of its own when it comes to profits and revenues.
For investors, it creates plenty of dividend growth and capital gains potential. The stock is expected to go ex-dividend next on Tuesday, April 5th.
In order to make room for this banking stock pick, we had to remove an asset manager from our list this week.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
