With the death of the American pension, saving for retirement and other goals has never been more important. Getting the right products and advice is paramount for investors along the income and wealth ladder. For those firms that provide these products and advice well, there can be plenty of profits, even for those that charge low fees. For our latest Best Dividend Capture Pick, that means years’ worth of dividend increases for its shareholders.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick happens to be one of the largest discount brokerage firms on the planet, offering low-cost trades to a wide swath of investors. However, these days, there’s no discount on our pick’s offerings. Expanding on its early days of offering low-priced trades over the internet, our pick has expanded into a wide variety of investment products. This includes mutual funds and ETFs to banking options and even wealth management/trust services. These have expanded its customer base and have kept more investors within its system, driving profits and cash flows.
Our pick has continued to find growth within its niche as well.
This includes upgrading technology, apps, and automated investing services. Moreover, our pick has continued to expand into the world of financial advisors, offering a dedicated platform for advisors to manage client money. Buyouts and expansions along this line have brought new tech designed to streamline processes and improve its margins.
The result is that our pick continues to drive its leadership position within the brokerage sector. This position, combined with its hefty insider ownership, has also allowed it to be a wonderful dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Friday, May 9, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2.3 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest discount brokerage pick could be a lucrative option.
