Having a monopoly or overwhelming presence in a region is a great way to ensure success. For the banking industry, it means a hefty dose of deposits, ability to make loans and, ultimately, creates plenty of cash flow. Our latest Best Financial Stocks Dividend List pick has been dominating a certain community and region for decades and has continued to build-out a massive presence and support its 2.9% yield.
Our pick is one of the largest banks in Puerto Rico and the Virgin Islands. These U.S. territories remain a hotbed of activity and strong economic growth. Moreover, they are also a significant source for immigration and families moving to the continental United States. It’s here that our pick has made a name for itself – bridging the gap between the territories and mainland U.S.
As a result, it managed to have a steady client and deposit base, driving growth and, more importantly, dividends/returns for shareholders. Our pick has continued to raise payouts for the last four years straight.
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.
