Dividend Yield: 7.4%
Money management firm AllianceBernstein Holding (AB) currently yields 7.4%, but those dividends could — and likely will — grow in the foreseeable future.
The nature of the money-management business can ebb and flow considerably, sometimes with the economic cycle, and sometimes apart from it.
One thing is clear, though … AllianceBernstein is capable of putting up big revenue and earnings numbers. When it does, it ups the dividend to reflect those larger profits and wider margins.
And with a 63% increase in last quarter’s earnings on top of a $60 million acquisition of another investment firm a couple of months ago, there’s room for dividend growth.