As recession risks continue to mount, investors are starting to look at sectors that can perform in good times and bad. Insurance companies occupy a key cog in the financial system, with specialty insurance providers filling a crucial coverage umbrella. Our latest addition to the Best Financial Dividend Stocks List is a specialty insurer that has been around for over 20 years. Investors must act quickly to capitalize on this strategy, as our pick’s next ex-dividend date is Thursday, June 29. Investors can earn $0.44 per share during the next dividend payout.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
Thanks to higher EPS growth, record operating income and a favorable dividend profile, our pick makes a welcomed addition to income investors’ portfolios.
To make room for our insurance play, we booked profits and sold off our holdings of a mortgage insurer. We also increased our exposure to a major derivatives exchange operator as part of our portfolio rebalancing strategy.
