When it comes to banking, bigger isn’t always better. Small community banks can offer faster growth and better income opportunities than their larger rivals. Just ask our latest Best High-Yield Dividend Stocks Model Portfolio pick. Our pick has used its small stature to deliver several years’ worth of dividend growth and a high 5% yield. Yield investors can take advantage of the stock before it goes ex-dividend on Friday, February 3, with a regular quarterly payout of $0.38 per share!
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
Aside from a strong regional operating profile and a long-term legacy customer base, our pick has a unique twist. In addition to its regular mortgage and consumer lending, our pick has a specialty finance lending arm. With equipment and asset-based lending, our pick has been able to deliver additional cash flow and profits to its bottom line.
Meanwhile, our pick’s recent moves to expand its operating presence in some of the fastest-growing and economically sound regions of the country have added additional growth, assets and lending capabilities to its operations. All the while strengthening its cash flow and boosting shareholder rewards.
In the end, our pick is proof that there are plenty of money-making opportunities in the smaller community banks.
