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 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 8.75% and a Smart Score of nine. Interestingly, seven out of the nine Wall Street analysts covering ARCC stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 1.04%. ARCC stock is up 5.17% in one year.
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 7.2% and a Smart Score of nine. In the last three months, all six Wall Street analysts covering ET stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 28.19%. ET stock is up 8.6% in one year.
Copa Holdings (CPA) – Copa Holdings is a Panama-based airline group that operates flights across the Americas through its subsidiaries Copa Airlines and Wingo. The stock carries a dividend yield of 5.96% and a Smart Score of “Perfect 10.” In the last three months, all four Wall Street analysts covering CPA stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 30.38%. CPA stock is up 17.24% 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