Banks have been mentioned quite often here, but what about insurance companies? Do you have any in your portfolio? I cancelled my position in $ALLY completely last year (with profits) and kept only Radian Group $RDN, which is scheduled to pay me a dividend today (3.55%) 😎.
I've been thinking about VIG for a while, but the dividend withholding tax is quite a turn off.
I think $BRK-B is good enough for me. They'll take care of it for me😁
Insurance companies are not my cup of coffee, but it's not bad. Berkshire trusts them, too, and a lot.
I don't have insurance companies in my portfolio, and today is one of the reasons not to have them. I am referring to @rickiereeve's post where one can see how one unexpected event can significantly affect their business and hit their revenue.
I only have $PGR, one of America's largest insurance companies, focused mainly on auto insurance. For me, the insurance company is on par with a bank in terms of safety, stability, and actually those dividends.