Dividend-paying stocks help generate steady passive income for investors. Moreover, top-quality dividend stocks with high yields reduce the investment’s payback period and enhance the cash inflow. Leveraging TipRanks’ Stock Screener tool, we zero in on Energy Transfer (NYSE:ET), Enterprise Products Partners (NYSE:EPD), and Ares Capital (NASDAQ:ARCC) stocks. These stocks offer a yield of more than 7%. Moreover, they are the favorite stocks of the Top Wall Street analysts.
Before we dig deeper, investors should note that TipRanks ranks analysts based on their industry expertise, timeline, and benchmarks. This ranking reflects analysts’ ability to deliver high returns through their recommendations. TipRanks’ algorithms evaluate the statistical significance of each rating, the analysts’ overall success rate, and their average return.
With this backdrop, let’s delve into ET, EPD, and ARCC stocks.
Is Energy Transfer a Good Stock to Buy?
Energy Transfer operates an energy infrastructure business and transports hydrocarbons. In the last three months, eight of the nine Top Analysts covering the stock have rated it a Buy. ET stock is up about 38% in one year. Moreover, these analysts’ 12-month price targets on ET stock imply an upside of nearly 17%. Furthermore, ET stock is currently offering a yield of 7.81%, higher than the sector average of 3.8%.
How Often Does EPD Pay Dividends?
Enterprise Products Partners transports natural gas and crude oil and pays a quarterly dividend. In the last three months, nine out of the 10 Top Analysts covering the stock have rated it a Buy. EPD stock is up about 19% in one year. Moreover, these analysts’ 12-month price targets on EPD stock imply an upside of nearly 17%. Moreover, EPD stock currently offers a yield of 7.1%, well above the sector average of 3.8%.
Is ARCC a Good Buy Now?
Ares Capital is a business development company that provides financing and debt solutions to mid-sized businesses. Six out of the eight Top Analysts covering the stock have rated it a Buy in the last three months. ARCC stock is up about 27% in one year. Moreover, these analysts’ 12-month price targets on ARCC stock imply an upside of nearly 4%. Moreover, ARCC stock is currently offering a yield of 9.1%, significantly higher than the sector average of 2.1%.
Bottom Line
Energy Transfer, Enterprise Products Partners, and Ares Capital are three analysts’ favorite stocks offering high dividend yields. Investors can leverage TipRanks’s Stock Screener tool to find more high-quality stocks.
