It's every investor's dream to earn money by doing nothing. You can make that happen through passive income, and one of the best ways to generate it is by investing in dividend-paying stocks. Dividend-paying companies tend to be high quality with solid balance sheets, allowing them to pay dividends regardless of the market cycle. One industry with some of the safest dividend-paying companies is the banking industry. Here are three dividend-paying bank stocks you can trust.
U.S. Bancorp (USB) is the parent company of U.S. Bank and is the fifth-largest bank in the U.S. based on asset size. Investors may be familiar with this bank thanks to Warren Buffett, whose Berkshire Hathaway owns $6.6 billion in stock -- making it the company's 10th-largest holding. United Bankshares (UBSI) provides banking services across West Virginia; Virginia; Washington, D.C.; Ohio; Maryland; Pennsylvania; and the Carolinas. United Bankshares has excelled at growing through acquisitions, adding 33 smaller regional banks since 1982. Bank OZK (OZK) provides customers with banking services across 240 offices in Florida, Georgia, Arkansas, North Carolina, Mississippi, Texas, California, and New York.
Source: Motley Fool
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