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. 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%.
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 5.2% and a Smart Score of Nine. 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 20%. CPA stock has gained 49% year-to-date.
VICI Properties (VICI) – VICI Properties is a real estate investment trust (REIT) that owns casinos, hotels, and entertainment properties across the United States. The stock carries a dividend yield of 5.83% and a Smart Score of Nine. In the last three months, all 10 Wall Street analysts covering VICI stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 21.14%. VICI stock has gained 6.95% year-to-date.
Amcor (AMCR) – Amcor is a global maker of packaging for food, drinks, and healthcare products. The stock carries a dividend yield of 6.46% and a Smart Score of Nine. Interestingly, seven out of the nine Wall Street analysts covering AMCR stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 28.10%. AMCR stock is down 12.4% so far this year.
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 Use our Dividend Calculator to maximize your dividend income