Over the past few months, many fintech startups have taken the brunt of the bear market, with layoffs in the tech industry leading the way.
But with the rise of fintech, it is becoming increasingly clear that the financial system is moving towards ease of operations by allowing its customers to make online payments, apply for loans and use crypto. -currency for payments and investments.
Here are two fintech stocks that have been dragged down by market volatility, but are still delivering strong dividends.
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Intuit inc. INTU offers a dividend yield of 0.61% or $2.72 per share per year through quarterly payouts, with a notable history of increasing its dividends over the past 11 years.
Intuit is a provider of small business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte).
During the third quarter, Intuit repurchased $489 million in stock, with $2.0 billion remaining on the company’s stock repurchase authorization.
Mastercard Inc. MY offers a dividend yield of 0.57% or $1.96 per share per year by making quarterly payments, with a history of increasing its dividends over the past 11 years. Mastercard is the world’s second largest payment processor, operating in over 200 countries and processing transactions in over 150 currencies.
Quarter to date until On July 25, the company repurchased 1.4 million shares at a price of $448 million, leaving $6.7 billion rremaining under authorized share buyback programs.
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