If you are seeking reliable dividend stocks in the financial sector, consider these top picks for July.
Agree Realty (ADC) offers a dividend yield of 4.8%, which is higher than the average for real estate investment trusts. With a consistent annual dividend growth rate of 6%, Agree is a solid choice for investors looking for a mix of yield and growth.
Franklin Resources (BEN) operates as an asset management umbrella company, with a history of increasing dividends for 44 consecutive years. While facing challenges from lower-cost alternatives like ETFs, Franklin Resources still offers a lucrative dividend yield of 5.6%.
Toronto-Dominion Bank (TD) has a long history of paying dividends since 1857, with a current yield of 5.4%. Despite recent issues with money laundering controls in its U.S. business, the bank remains financially strong and is working to resolve regulatory concerns. With a higher-than-average yield, TD Bank presents a compelling opportunity for investors willing to ride out uncertainty.
Each of these financial stocks offers a unique investment opportunity for dividend investors. Whether you prioritize growth, reliability, or a special situation, one of these stocks may be a valuable addition to your portfolio in July.