Three Financial Stocks with +3% Yields

Here are 3 financial stocks with a dividend yield of 3% or better to help deliver a steady flow of cash to your bank account.

Interestingly, Bank of Montreal (BMO) is based in Toronto, and offers a range of credit and non-credit products and services to its clients through international offices, branches and subsidiaries. With 900 banks operating in Canada, BMO has seen an +8.3% rise in stock price since January compared with a decline in the broader markets. Bank of Montreal has paid a dividend for 181 years and is set to pay shareholders another $0.70 in its next upcoming quarterly dividend August 26.

The Bank of Nova Scotia (BNS) offers products and services, including retail, commercial, corporate and investment banking to customers in nearly 50 countries world wide. Founded in 1832, BNS has been paying a dividend since 1834. The Bank's stocks are up slightly in 2010, having seen an increase of +1.8% since January. A quarterly dividend of $0.49 will be paid to shareholders on July 28.

M&T Bank (MTB) is a bank holding company that offers a wide range of commercial banking, trust and investment services to its customers. M&T has fared quite well in 2010 and is up 24.8% with a stock price of $83.50. The Buffalo based financial stock paid a dividend of $0.70 on June 30, and has been paying a dividend to shareholders for 31 years.

As of this writing, Jeff Reeves did not own a position in any of the stocks named here.