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Blue Sky Alternative Investments, Australian Finance Group, and Mirrabooka Investments are financial services stocks that generally perform in-line with the economy. These companies provide services ranging from consumer finance to investment banking. 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.
Blue Sky Alternative Investments Limited (ASX:BLA)
BLA has an alluring dividend yield of 7.18% and is paying out 77.54% of profits as dividends . The company’s yield puts it among good company – the top 25% of the market. Blue Sky Alternative Investments is also a strong prospect for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next three years. More on Blue Sky Alternative Investments here.
Australian Finance Group Limited (ASX:AFG)
AFG has a great dividend yield of 7.02% and has a payout ratio of 51.60% , and analysts are expecting a 78.89% payout ratio in the next three years. Besides capital gain prospects, just the yield is higher than the low risk savings rate – enticing for investors with goals of beating their bank accounts. Plus, a 7.02% yield places it amidst the market’s top dividend payers. Australian Finance Group’s performance over the last 12 months beat the au mortgage industry, with the company reporting 74.94% EPS growth compared to its industry’s figure of 20.87%. Interested in Australian Finance Group? Find out more here.
Mirrabooka Investments Limited (ASX:MIR)
MIR has an alluring dividend yield of 5.39% and is paying out 171.86% of profits as dividends . The company’s dividends per share have risen from AU$0.10 to AU$0.14 over the last 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. The company outperformed the au capital markets industry’s earnings growth of 8.71%, reporting an EPS growth of 16.66% over the past 12 months. Interested in Mirrabooka Investments? Find out more here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.