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. These stocks also offer a dividend yield above 5%, and analysts expect more than 25% upside for each over 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:
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 5.47% and a Smart Score of “Perfect 10.” In the last three months, all seven Wall Street analysts covering CPA stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 25%. CPA stock has gained 42% year-to-date.
Energy Transfer (ET) – This midstream energy company operates pipelines and related infrastructure for natural gas, crude oil, and refined products across the U.S. The stock carries a dividend yield of 7.47% and a Smart Score of eight. Interestingly, all 10 Wall Street analysts covering ET stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 28.52%. ET stock is down 7.3% so far this year.
Clearway Energy (CWEN) – This renewable energy company operates wind, solar, and natural gas power generation facilities across the U.S. The stock carries a dividend yield of 6.09% and a Smart Score of eight. Interestingly, seven out of the eight Wall Street analysts covering CWEN stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 33.06%. CWEN stock is up 14.12% 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