Access National, Maiden Holdings, and New York Mortgage Trust are financial services stocks that generally perform in-line with the economy. Firms in this sector offer services ranging from investment banking to consumer finance. During downturns, financial services companies tend to be hit the hardest as net interest margins shrink and credit losses grows. However, during prosperous times, they report robust profits and many pay attractive dividends. I’ve identify the following financial stocks paying high income, which may increase the value of your portfolio.
Access National Corporation (NASDAQ:ANCX)
ANCX has a solid dividend yield of 2.20% and pays out 52.88% of its profit as dividends . ANCX’s dividends have increased in the last 10 years, with DPS increasing from US$0.04 to US$0.60. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Analysts are enthusiastic about the company’s future growth, estimating a 75.28% earnings per share increase in the next three years. Dig deeper into Access National here.
Maiden Holdings, Ltd. (NASDAQ:MHLD)
MHLD has a juicy dividend yield of 7.45% and a reasonably sustainable dividend payout ratio , and analysts are expecting a 59.14% payout ratio in the next three years. MHLD’s dividends have seen an increase over the past 10 years, with payments increasing from US$0.10 to US$0.60 in that time. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. MHLD boasted a strong return on shareholders funds in the last year with a ROE of -13.77%, surpassing the US Insurance industry average of 9.40%. Dig deeper into Maiden Holdings here.
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
NYMT has a large dividend yield of 13.07% and their payout ratio stands at 79.88% , with analysts expecting the payout ratio in three years to be 114.55%. While there’s been some level of instability in the yield, NYMT has overall increased DPS over a 10 year period from US$0.48 to US$0.80. New York Mortgage Trust’s earnings growth over the past 12 months has exceeded the us mortgage reits industry, with the company reporting an EPS growth of 47.77% while the industry totaled -1.83%. Interested in New York Mortgage Trust? Find out more here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.