NTB - 3 High-Yield Bank Stocks to Earn Passive Income for Years
The market has not been a friendly place this year. Through the first six months of 2022, investors saw the worst market performance in five decades, as fears over high inflation, aggressive interest rate hikes, and a severe recession have led to intense selling pressure. But it's also this kind of environment that can remind us just how great high-yielding dividend stocks can be because they can generate reliable passive income in the worst of times.
The banking sector is well known for having many companies that can pay annual high-yielding dividends. In this article, I am defining a high-yielding dividend stock as one that exceeds the market average of 4.13% . Here are three high-yielding bank stocks that should help you earn passive income for years to come.
Based in Bermuda and the Cayman Islands, Bank of N.T. Butterfield & Son (NYSE: NTB) is one of those stocks that tends to fly under the radar unless you're interested in dividends or a dedicated bank investor that knows the industry well.
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3 High-Yield Bank Stocks to Earn Passive Income for Years