Dividend-paying stocks are a great way to generate passive income and can be considered a safe bet in the current uncertain market situation. Furthermore, these stocks have the potential to generate notable capital gains. To assess these returns, investors can use TipRanks’ Dividend Calculator, which helps estimate future income based on investment size.
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Leveraging the TipRanks’ Best Dividend Stocks Screener, we have identified three stocks with Strong Buy ratings from analysts. Further, they boast an Outperform 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 broader market. Additionally, these stocks have a dividend yield of about 5%.
Here are this week’s stocks:
AT&T (T) – This is a telecommunications giant providing wireless, broadband, and entertainment services across the U.S. The stock has a dividend yield of 4.88% and a Smart Score of nine. Interestingly, 17 out of the 21 Wall Street analysts covering T stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 11%.
Energy Transfer (ET) – Energy Transfer is a midstream energy company operating pipelines and terminals for natural gas, crude oil, and refined products. The stock has a dividend yield of 6.06% and a Smart Score of eight. Interestingly, nine out of the 10 Wall Street analysts covering T stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 9.7%.
Ares Capital (ARCC) – Ares Capital is a business development company (BDC) that invests in middle-market companies across various industries, focusing on debt and equity investments. The stock carries a dividend yield of 8.19% and a Smart Score of “Perfect 10.” Interestingly, nine out of the eleven Wall Street analysts covering ARCC stock have rated it a Buy, with their 12-month consensus price target indicating an downside of about 4%.
What Is Tipranks’ Smart Dividend Newsletter?
TipRanks Smart Dividends Newsletter delivers a weekly high-quality dividend stock recommendation, backed by detailed analysis and up-to-date market insights. A well-chosen dividend stock can enhance your income investment portfolio and potentially yield long-term returns.
For a complete list of dividend stocks and their payout dates, check out the TipRanks Dividend Calendar.
Use TipRanks’ Dividend Calculator to maximize your dividend income
