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 over 5%.
Here are this week’s stocks:
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 8.56% and a Smart Score of “Perfect 10.” Interestingly, seven out of the eight Wall Street analysts covering ARCC stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 1%. ARCC stock is up 3.96% in one year.
VICI Properties (VICI) – This is a real estate investment trust (REIT) that owns premier casino, hospitality, and entertainment properties. The stock carries a dividend yield of 5.31% and a Smart Score of eight. 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 10.59%. . VICI stock is up about 14% over the past year.
Viper Energy (VNOM) – Viper Energy is a publicly traded company that owns and acquires mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas. The stock carries a dividend yield of 5.51% and a Smart Score of nine. In the last three months, all 14 Wall Street analysts covering VNOM stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 27.54%. VNOM stock is up 17.7% 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
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