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 30% 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:
Nomad Foods (NOMD) – Nomad is a leading frozen foods company in Europe, best known for brands like Birds Eye, Findus, and Iglo. The stock carries a dividend yield of 5.28% and a Smart Score of Nine. In the last three months, all five Wall Street analysts covering NOMD stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 48.27%. NOMD stock has declined 25% year-to-date.
Amcor (AMCR) – Amcor is a global maker of packaging for food, drinks, and healthcare products. The stock carries a dividend yield of 6.52% and a Smart Score of Nine. Interestingly, seven out of the nine Wall Street analysts covering AMCR stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 31.27%. AMCR stock is down 12% so far this year.
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 7.85% and a Smart Score of Eight. Interestingly, all 11 Wall Street analysts covering ET stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 38.43%. ET stock is down 12% so far this 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
Use our Dividend Calculator to maximize your dividend income