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:
Global Net Lease (GNL) – Global Net Lease is a REIT that owns income-producing commercial properties in the U.S. and Europe. The stock carries a dividend yield of 10.64% and a Smart Score of “Perfect 10.” In the last three months, all three Wall Street analysts covering GNL stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 30.10%. GNL stock has gained 22.34% year-to-date.
Copa Holdings (CPA) – Copa Holdings is the parent company of Copa Airlines, which provides passenger and cargo services. The stock carries a dividend yield of 5.15% and a Smart Score of “Perfect 10.” In the last three months, all three Wall Street analysts covering CPA stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 26.46%. CPA stock has gained 48.84% year-to-date.
AES Corp. (AES) – AES is a global energy company that generates and distributes electricity across multiple markets, including the U.S. and Latin America. The stock carries a dividend yield of 5.09% and a Smart Score of Nine. Interestingly, six out of the eight Wall Street analysts covering AES stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 23.01%. AES stock has gained 14.03% year-to-date.
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