Top Financial Stocks To Own Right Now

Dividend stocks are an important part of every portfolio. Those dividend payments provide a regular income that can be spent, or re-invested. Ideally, you gain through the growing value of the stock as well.

Typically, companies that pay dividends to their shareholders tend to be very stable. They are less volatile than some high-growth stocks might be (even riding out events like a global pandemic), adding balance to your portfolio.

A higher dividend yield is a good thing, and these seven dividend stocks have been picked for that very reason.

Arbor Realty Trust (NYSE:ABR) Ellington Financial (NYSE:EFC) Iron Mountain(NYSE:IRM) MFA Financial (NYSE:MFA) Oaktree Specialty Lending Corp (NASDAQ:OCSL) ONEOK (NYSE:OKE) Redwood Trust (NYSE:RWT)

While companies paying dividends are usually more reliable investments, that’s not always the case. Here’s an example of dividend stocks that should be avoided for now. But we’re not talking avoiding for this round, we’re looking at good choices. In addition to paying a dividend yield of over 4%, each of the stocks on today’s list has a solid rating in Dividend Grader, earning a “B” or higher. So you know it’s a high-quality pick.

Top Financial Stocks To Own Right Now: MFS Intermediate Income Trust(MIN)

MFS Intermediate Income Trust (the Trust) is a diversified closed-end management investment company. The Trust seeks to preserve capital and provide high current income. It maintains a portfolio that includes investments in short and intermediate-term United States Government and foreign high-grade securities.

MFS Intermediate Income Trust’s portfolio includes non-United States Government bonds, mortgage-backed securities, the United States Government agency securities, the United States Treasury securities, emerging market bonds, commercial mortgage-backed securities, residential mortgage-backed securities and high-grade corporate securities. The Trust can invest in foreign securities, including securities of emerging market issuers. The Trust’s investment advisor is Massachusetts Financial Services Company.

Advisors’ Opinion:

  • [By Shane Hupp]

    Private Advisor Group LLC acquired a new position in shares of MFS Intermediate Income Trust (NYSE:MIN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 84,181 shares of the financial services provider’s stock, valued at approximately $322,000. Private Advisor Group LLC owned approximately 0.07% of MFS Intermediate Income Trust as of its most recent filing with the Securities and Exchange Commission.

Top Financial Stocks To Own Right Now: MediWound Ltd.(MDWD)

MediWound Ltd., an integrated biopharmaceutical company, focuses on developing, manufacturing, and commercializing products for the treatment of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders, and others. It develops NexoBrid that is in Phase III clinical trials for the removal of eschar, a dead or damaged tissue in adults with deep partial- and full-thickness thermal burns. The company’s product also includes EscharEx, which is in Phase II clinical trials for the debridement of chronic and other hard-to-heal wounds. MediWound Ltd. was founded in 2000 and is headquartered in Yavne, Israel.

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