Once lagging financial services stocks and exchange traded funds have recently sprung to life amid speculation the Federal Reserve is nearing its first interest rate increase of 2016, perhaps as soon as this month. However, there are reasons investors should consider ratcheting up exposure to the second-largest sector weight in the S&P 500.
As has been previously highlighted in this space, members of ETFs such as the Financial Select Sector SPDR (NYSE: XLF) were among the worst dividend offenders during the global financial crisis, but since then, many marquee XLF components have been diligently working to restore their dividend reputations as the Fed allows them to do so.
The financial crisis undid decades' worth of dividend ebullience from big banks in short order, leaving some income investors scorned and doubting the sector's future dividend growth prospects. Some dividend ETFs still have relatively low weights to the ...
/www.benzinga.com/trading-ideas/long-ideas/16/06/8059415/another-reason-to-consider-bank-etfs alt=Another Reason To Consider Bank ETFs>Full story available on Benzinga.com
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