Investors seeking reliable and steady income might consider companies with a strong track record of paying dividends. This history of consistent dividend payments reflects the financial stability of these companies. Using the TipRanks Best High Dividend Stocks screener, we have identified two stocks – Agree Realty (NYSE:ADC) and AllianceBernstein (NYSE:AB) – that offer a dividend yield of over 5% and have a Strong Buy consensus rating.
Let’s take a closer look at both stocks.
Is ADC Stock a Good Investment?
Agree Realty is a real estate investment trust (REIT) focused on acquiring and developing properties that are leased to retail tenants across the United States. The company’s strong balance sheet keeps it well-poised to grow through strategic acquisitions. Furthermore, ADC’s strategy of leasing its properties to recession-resilient companies ensures sustained profitability.
ADC stock has a dividend yield of 5.11%, far more than the real estate sector’s average of 3.9%.
Agree Realty has received nine Buy and two Hold recommendations for a Strong Buy consensus rating. Further, ADC stock’s price target of $66.23 implies 15.81% upside potential. The stock has lost 14.1% over the past year.
Is AB Stock a Buy?
The global investment management firm offers research and diversified investment services to institutional investors, individuals, and private wealth clients in major markets. The company’s strong private wealth business and other businesses support its capital deployment moves.
Importantly, AB has an attractive dividend yield of 7.95%, which remains above the financial sector’s average yield of 2.11%. Also, the stock has a “Perfect 10” Smart Score on TipRanks. Note that shares with a “Perfect 10” Smart Score have historically outperformed the S&P 500 Index (SPX) by a wide margin.
Wall Street has a Strong Buy consensus rating on AB stock. This is based on four Buys and one Hold recommendation. The analysts’ average price target of $39 implies a 14.71% upside potential. The stock has declined 1.4% in the past year.
Concluding Thoughts
Investors could consider both ADC and AB stocks due to their long dividend histories, robust cash flows, and strong business fundamentals. Further, the upside potential projected by Wall Street analysts in these stocks is another encouraging factor.
