Dividend paying stocks are a great way to generate passive income and can be considered a safe bet in the current uncertain market situation. In addition, these actions have the potential to generate significant capital gains. To evaluate these returns, investors can use TipRanks’ dividend calculator, which helps estimate future income based on investment size.
Leveraging TipRanks’ best dividend stock screener, we identified three stocks with Strong Buy ratings from analysts. Additionally, they have a higher Smart Score (i.e. 8, 9, or 10) on TipRanks. The Smart Score evaluates eight factors to gauge a stock’s potential to outperform the market as a whole. Additionally, these stocks have a dividend yield of over 6%.
Here are this week’s stocks:
Energy transfer (ET) – This midstream energy company operates pipelines and related infrastructure for natural gas, crude oil and refined products across the United States. The stock offers a dividend yield of 7.72% and an intelligent score of eight. Interestingly, all 10 Wall Street analysts covering the ET stock have rated it a Buy, with their 12-month consensus price target indicating an upside of ~39.21%. ET stock is down 11.4% so far this year.
Viper Energy (VNOM) – Viper Energy is an oil and gas company that owns and manages mineral interests and royalties, primarily in the Permian Basin. The stock has a dividend yield of 6.52% and a Smart Score of eight. Over the past three months, all 14 Wall Street analysts covering VNOM stock have rated it a Buy, with their 12-month consensus price target pointing to an upside of ~40.94%. VNOM stock is down 22.7% year to date.
Amcor (AMCR) – Amcor is a global manufacturer of food, beverage and healthcare packaging. The stock has a dividend yield of 6.27% and a Smart Score of Nine. Interestingly, seven of 10 Wall Street analysts covering AMCR stock have rated it a Buy, with their 12-month consensus price target pointing to an upside of ~22.45%. AMCR stock is down 9.65% so far this year.
The TipRanks Smart Dividends newsletter provides a weekly recommendation of high-quality dividend stocks, supported by detailed analysis and up-to-date market information. A well-chosen dividend stock can enhance your income investment portfolio and potentially generate long-term returns.
For a complete list of dividend stocks and their payment dates, check out the TipRanks dividend calendar.
Use TipRanks’ Dividend Calculator to Maximize Your Dividend Income Use our dividend calculator to maximize your dividend income
Disclaimer & DisclosureReport a Problem
To protest the direction the country is heading under President Donald Trump, people will gather Saturday in the nation's capital…
Exclusive Discounts on CBS Mornings Deals – CBS News Watch CBS News In this edition of CBS Mornings Deals, we…
Over the past few years, the base iPhone has been pushed aside as Apple has reserved the flashier upgrades for…
When Jennifer Trujillo first heard her middle school students say "6-7" in class and explode with joy, she sought advice…
Water brings life together. The shores transform into busy corridors where birds, ungulate mammals and different species of human ancestors,…
The government has ordered the shutdown of internet services in Uttar Pradesh's Bareilly while the top Muslim cleric asked people…