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 see over 20% upside for each in 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:
Viper Energy (VNOM) – This is a U.S.-based company that owns and buys mineral and royalty interests in oil and natural gas fields, mainly located in the Permian Basin. The stock has a dividend yield of 6.75% and a Smart Score of “Perfect 10.” In the last three months, all 12 Wall Street analysts covering VNOM stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 38.96%.
Provident Financial Services (PFS) – Provident Financial Services is a regional bank offering loans, deposits, and wealth management in the Northeast U.S. The stock carries a dividend yield of 5.33% and a Smart Score of nine. In the last three months, all four Wall Street analysts covering PFS stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 20.43%.
Amcor (AMCR) – Amcor is a global company that makes flexible and rigid packaging for food, beverage, healthcare, and personal care products. The stock has a dividend yield of 5.46% and a Smart Score of “Perfect 10.” In the last three months, all five Wall Street analysts covering AMCR stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 22.21%.
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