Thanks to the proliferation of low-cost indexing, exchange traded funds (ETFs), and free trading, asset management is quickly becoming a game of scale. The big boys are getting bigger, while the little players are quickly fading away. It pays to be a big fish in the ever-shrinking pond. And our Best Dividend Stocks List Pick in the sector just happens to be one of the largest on the planet.
Thanks to its early moves into indexing and ETFs, our pick scale has increased massively over the last decade, with literally trillions of assets under its umbrella. Because of that scale, our pick continues to dominate in fund flows, new clients, and asset gathering. Heck, even Uncle Sam recently tapped our pick to help it fight the coronavirus pandemic. That scale continues to pay benefits as our pick continues to realize high revenues and profits from its investment management arm.
But our pick still has plenty of growth behind it as well.
Thanks to early investment in technology, artificial intelligence, and automated risk analysis, our pick is seeing tremendous growth from its tangential asset management/risk offerings. These higher margin products continued to boost its earnings. Better still, our pick continues to adapt and get out ahead of new trends, thistime in sustainable and ESG investing. Here, our pick is once again leading the investment world and gathering assets in new environmental, social, and governance-focused investment platforms for both retail and institutional clients.
All of this is continuing to make our pick a dominant leader in the investment world. And in that, investors in the stock have won on the dividend, buyback, and earnings fronts.
To summarize, here are five reasons why you should own this stock:
- It is one of the largest asset managers on the planet with trillions under its umbrella. Total assets grew 6% in the latest reported quarter!
- It has a wide range of offerings including a diverse index ETF line-up as well as active mutual funds.
- It has increased its dividend for 10 years straight with its latest jump being almost 10%.
- Moves into A.I., risk control software, and now ESG have continued to boost margins and revenues even further.
- It has a healthy payout ratio of 48% and growing yield of 2.61%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to find out the entire list.
