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 High Dividend Stocks Screener, we identified three dividend stocks yielding over 5% that carry Strong Buy ratings from Wall Street 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.
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 5.37% and a Smart Score of “Perfect 10.” In the last three months, all six Wall Street analysts covering CPA stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 26.49%.
Clearway Energy (CWEN) – This is a U.S. renewable power company focused on wind and solar assets. The stock carries a dividend yield of 5.45% and a Smart Score of “Perfect 10.” Interestingly, six out of the seven Wall Street analysts covering CWEN stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 20.37%.
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 9.53% and a Smart Score of Eight. Interestingly, eight 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 12.54%.
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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