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.
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 over 7%.
Here are this week’s stocks:
Enterprise Products Partners (EPD) – This is a U.S.-based company that provides midstream services for natural gas, oil, and petrochemical transportation, storage, and processing. The stock carries a dividend yield of 7.09% and a Smart Score of “Perfect 10.” Interestingly, nine out of the twelve Wall Street analysts covering EPD stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 26.29%. EPD stock is up 11.4% over the past year.
VICI Properties (VICI) – This is a real estate investment trust (REIT) that owns premier casino, hospitality, and entertainment properties. The stock has a dividend yield of 5.6% and a Smart Score of “Perfect 10.” Interestingly, 11 out of the 12 Wall Street analysts covering VICI stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 13.85%. VICI stock is up 18.9% over the past year.
Brookfield Renewable Partners (BEP) – This company owns and operates renewable energy assets, including hydroelectric, wind, and solar power facilities. The stock has a dividend yield of 6.72% and a Smart Score of “Perfect 10.” Interestingly, eight out of the nine Wall Street analysts covering BEP stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 44.4%. BEP stock is up 10.2% over the past year.
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