Regional banks can offer the best of both worlds – plenty of stability but plenty of growth potential as well. This is particularly true when they operate in regions that feature plenty of economic growth and high incomes. Our latest Best Financial Dividend Stock List pick fits that definition and has been a major player in its region for nearly 75 years. You can grab the stock before Wednesday, November 23, when it goes ex-dividend with a regular quarterly dividend of $0.12 per share.
The bank happens to operate in Puerto Rico and Florida. As one of the main banks in Puerto Rico, our latest pick has a major foothold in the region. Economic growth and new industry have continued to make the territory a hotbed of new activity. Meanwhile, its operating footprint in Florida has allowed it to keep its customers after immigrating or moving to the continental United States. At the same time, the SunBelt remains one of the fastest-growing areas in the nation. The end result is a strong bank that’s continued to see plenty of deposit and loan growth.
Meanwhile, its own M&A – as well as being a buyout target itself – continues to add plenty of additional potential for the firm. All in all, our pick makes for an interesting regional bank and strong dividend-paying stock.
In addition to our new regional bank, we’ve added another regional bank to the list as well as removed two different regional banks.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
