The financial industry has started to evolve rapidly over the past few years, and the technology we use to send, receive, and spend money continues to grow at an impressive pace. The problem for many investors is that companies producing innovative technologies aren't often known for their dividends. For example, some of my favorite fintech stocks, such as Square and Lending Club, don't pay dividends yet and have no plans to start.

Having said that, there are some smart options for dividend-seeking investors who want a piece of the fintech industry.


Recent Stock Price

Dividend Yield

TD Ameritrade (NASDAQ:AMTD)



Bank of America (NYSE:BAC)



Visa (NYSE:V)



Stock prices and dividend yields are current as of May 15, 2017.

Customer making a payment on a tablet at coffee shop.

Image source: Getty Images.

1. TD Ameritrade

TD Ameritrade has long been a leader in investment-related technologies. (I love the company's Thinkorswim investment platform and TD Ameritrade mobile app, which is what I use to buy my own stocks more often than not.)

However, it's not just me who loves TD Ameritrade's investment technology.'s 2017 online broker review ranked TD Ameritrade No. 1 overall, including a best-in-class ranking for trading platforms and tools. Barron's ranked TD Ameritrade No. 1 for usability and for novices, and as one of the best in trading experience and technology.

While the drop in TD Ameritrade's base commission rate to $6.95 from $9.99 is seen as a negative factor from a profitability standpoint, I think it will give the company a huge competitive advantage over many of its rivals, as it now offers a superior investment experience at a no-frills price point. And the recent acquisition of Scottrade is expected to create significant cost synergies, and will help further build the company's brand presence, as Scottrade has roughly five times the physical branches as TD Ameritrade.

2. Bank of America

As one of the largest banks in the U.S., it may sound strange to call Bank of America a fintech company. However, when you look at the considerable investments the bank has made in its mobile and online banking platforms and how well the company is performing in this area, it may not seem like such a stretch.

The bank has achieved No. 1 rankings in online banking, mobile banking, and digital sales functionality, and its customers have been adopting its digital banking technology at an impressive rate. Over the past year alone, the number of customers using Bank of America's mobile platform has grown by 13%, and 20% of all deposit transactions now take place through its app, up from 16% in early 2016.

Bank of America mobile and digital technology growth.

Image source: Bank of America investor presentation.

In addition, the bank has launched over 8,500 cardless-enabled ATMs, and recently introduced Merrill Edge Guided Investing and rolled out enhanced peer-to-peer (P2P) payment capabilities.

3. Visa

Payment technology company Visa is perhaps the most obvious fintech company on this list. In recent years, it has been a leader in mobile wallet technology, with its Visa Checkout product allowing customers to pay online quickly and without compromising their personal information.

In addition, Visa has developed private-label mobile wallet apps for dozens of banks, and has produced innovative fraud prevention tools that confirm the user's smartphone is actually near the point of sale by using location-recognition technology.

Visa also continues to invest in fintech, such as its recently announced European Everywhere Initiative, a fintech start-up initiative, with similar initiatives taking place in North America, Latin America, and Asia later this year.

To be fair, I wouldn't call any of these high-dividend stocks. However, all have well-established businesses, have performed extremely well recently, and have plenty of potential to increase their dividends for years to come.

Matthew Frankel owns shares of Bank of America and Square. The Motley Fool owns shares of and recommends Visa. The Motley Fool has a disclosure policy.