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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Leveraging TipRanks’ Best Dividend Stocks Screener, we have identified three stocks with Strong Buy ratings from analysts. Further, they boast an Outperform Smart Score (i.e. 8, 9, or 10) on TipRanks. The Smart Score evaluates eight factors to gauge a stock’s potential to outperform the broader market. Additionally, these stocks have a dividend yield of over 5%.
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 5.30% 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 29.11%.
Clearway Energy (CWEN) – This is a U.S. renewable power company focused on wind and solar assets. The stock carries a dividend yield of 5.29% 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 17.71%.
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 6.07% 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 33.02%.
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 our Dividend Calculator to maximize your dividend income