NEW YORK (TheStreet) -- With 2014 almost in the books, many investors are on the lookout for the top dividend plays in 2015. TheStreet's David Peltier says one of his top picks is Tompkins Financial (TMP) . 

Shares of Tompkins Financial are essentially flat on the year, up just 1%. The New York-based regional bank pays an annual dividend of $1.68 per share, giving it a yield of 3.25%. 

TMP Chart
Tompkins Financial TMP data by YCharts

Peltier pointed out that the company's 3.25% dividend yield becomes even more attractive when investors consider it's one of the highest payouts in the financial industry. 

Even more impressive is the fact that Tompkins Financial was able to maintain its dividend throughout the financial crisis several years ago. The event caused immense stress on many banks' balance sheets and put many out of business. 

The general consensus is that the Federal Reserve will raise interest rates in 2015, likely sometime in the summer. 

How do rising rates affect Tompkins Financial? According to Peltier, regional banks are "very leveraged" to rising interest rates. So, along with a healthy dividend yield, investors can look for rising rates to drive higher profits at Tompkins Financial in 2015. 

-- Written by Bret Kenwell 

Follow @BretKenwell

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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