Dividend-paying stocks offer a steady way to earn passive income and are often seen as safer picks in today’s uncertain market. They can also deliver solid capital gains over time.
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Using TipRanks’ Best Dividend Stocks Screener, we identified three stocks with Strong Buy ratings from analysts. Each holds an Outperform Smart Score (8, 9, or 10), which measures a stock’s chance of beating the broader market based on eight key factors. All three also offer dividend yields above 5%.
Here are this week’s stocks:
Ares Capital (ARCC) – This is a U.S.-based business development company that provides capital and financing to middle-market companies. The stock carries a dividend yield of 9.36% and a Smart Score of Eight. Interestingly, 8 out of the 10 Wall Street analysts covering ARCC stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 8.83%.
Viper Energy (VNOM) – Viper Energy is an oil and gas company that owns and manages mineral and royalty interests, mainly in the Permian Basin. The stock carries a dividend yield of 6.44% and a Smart Score of Nine. Interestingly, 13 out of the 14 Wall Street analysts covering VNOM stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 41.94%.
DHT Holdings (DHT) – DHT Holdings is a shipping company that owns and operates oil tankers worldwide. The stock carries a dividend yield of 5.68% and a Smart Score of Nine. In the last three months, all three Wall Street analysts covering DHT stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 20.26%.
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.
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