The financial services sector, like many others, was severely impacted by the coronavirus pandemic outbreak. However, it is one of the few sectors that has weathered the storm and is therefore expected to grow at record levels in the aftermath. Financial services are expected to rebound positively following the pandemic’s economic toll. Individual investors, hedge funds, and others are increasingly interested in financial services stocks, particularly those that pay dividends. These stocks are exempt from certain criteria, including minimum market capitalization requirements.
Inside Monkey takes a look at the 10 financial services dividend champions to buy now. Westamerica Bancorporation is ranked tenth on the list of dividend champions in financial services to buy now. Revenue was $55.53 million, up 7.58 percent year over year and $3.18 million above expectations. First Farmers Bank & Trust’s financial holding company is ranked ninth on the list of financial services dividend champions to buy now. First Farmers Financial Corporation offers a variety of financial products and services, including checking and savings accounts. Bank of Clarke County’s holding company is Eagle Financial Services, Inc. It is ranked eighth on the list of dividend champions in financial services to buy now. The company has increased 14.80% in the last six months and 160% year to date. Old Republic International Corporation increased by 31.83 percent over the last six months and by 43.79 percent year to date. General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business are the company’s segments. Franklin Resources, Inc. is ranked sixth on the list of dividend champions in financial services to buy now. The company reported revenue of $2.17 billion, an increase of 82.89 percent year over year and a $43.73 million beat on estimates. For more details, click 10 Financial Services Dividend Champions To Buy Now.