Inflation and rising rates haven’t been an issue for all firms. In fact, some sectors and stocks are thriving in the current environment, including our latest Best Financial Stocks Dividend List pick. Rising rates have been a boon to its bottom line. Since being added to our list on July 19, 2022, our pick has managed to produce a 9.9% price return as well as offer a 3%+ dividend yield!
Our pick is one of the largest regional banks in the deep South. Thanks to a long operating history and strong growth profile, our pick has continued to expand, creating a huge deposit and loan base. And with its more traditional savings & loan focus, our pick has been able to avoid many of the pitfalls facing other big regional players.
Meanwhile, growth can be had from its focus on technology, apps and other measures designed to court younger affluent customers in the region. The end result has been a strong banking profile that pays plenty of shareholder rewards. In fact, our pick has managed to have increasing payouts for nearly 25 years!
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
