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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Leveraging TipRanks’ Best Dividend Stocks Screener, we have identified three stocks with Strong Buy ratings from analysts. These stocks also offer a dividend yield of about 5%, and analysts see double-digit upside for each in the next 12 months. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Here are this week’s stocks:
Brookfield Infrastructure (BIP) – Brookfield Infrastructure owns and operates a global portfolio of utilities, transport, energy, and data infrastructure assets. The stock carries a dividend yield of 5.55% and a Smart Score of “Perfect 10.” Interestingly, six out of the eight Wall Street analysts covering BIP stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 38.7%. BIP stock is up 0.40% in one year.
Permian Resources (PR) – Permian Resources is an oil and gas company focused on exploring and producing energy in the Delaware Basin, part of the Permian Basin in West Texas and New Mexico. The stock has a dividend yield of 4.98% and a Smart Score of “Perfect 10.” In the last three months, all 17 Wall Street analysts covering PR stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 34.84%. PR stock is down 11.36% in one year.
Viper Energy (VNOM) – This is a U.S.-based company that owns and buys mineral and royalty interests in oil and natural gas fields, mainly located in the Permian Basin. The stock has a dividend yield of 6.53% and a Smart Score of Eight. In the last three months, all 12 Wall Street analysts covering VNOM stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 38.96%. Viper Energy shares have fallen 19% 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