3 Financial Stocks That Will Pay You Passive Income for Years
If you're an investor looking to increase your passive income for the long term, financials are a great place to start. The financial sector is a diverse industry made up of various types of banks, asset managers, insurance companies, and financial services providers. Many of these companies have been around for a long time and have great track records of paying dividends to shareholders.
Like the broader market, the financial sector is down this year. For example, the Financial Select Sector SPDR ETF, one of the largest exchange-traded funds representing financials, is down about 9% year to date, about the same as the S&P 500. But this year-to-date decline represents an opportunity to add some great dividend stocks at discounted prices. Here are three top financial stocks that you can add to your portfolio now that will help increases your passive income for years to come.
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Source Fool.com
