Financial service companies’ profitability tends to be tied to the economic cycle. Firms in this sector offer services ranging from investment banking to consumer finance. Downturns can hit financial services companies hard as net interest margins shrink and credit losses grow. However, in good times, they report steady profits and many pay attractive dividends. I’ve made a list of other value-adding dividend-paying stocks in the financial industry for you to consider for your investment portfolio.
APQ Global Limited (AIM:APQ)
APQ has a large dividend yield of 6.32% and distributes 70.58% of its earnings to shareholders as dividends , and analysts are expecting a 86.96% payout ratio in the next three years. APQ is among the markets top 25% of dividend payers, which is certainly enticing for interested investors. Analysts are expecting an impressive triple digit earnings growth over the next three years. Continue research on APQ Global here.
Morses Club Plc (AIM:MCL)
MCL has an alluring dividend yield of 4.90% and is currently distributing 82.39% of profits to shareholders . MCL is among the markets top 25% of dividend payers, which is certainly enticing for interested investors. If analysts are correct, Morses Club has some strong future growth on the horizon with an expected increase in EPS of 73.33% over the next three years. More detail on Morses Club here.
Charles Taylor plc (LSE:CTR)
CTR has a enticing dividend yield of 4.19% and pays out 83.81% of its profit as dividends . CTR’s dividend is not only above the low risk savings rate, but also amongst the top dividend payers in the market. Charles Taylor has managed to maintain a positive EPS growth percentage over the last five years. More on Charles Taylor here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.