Dividend-paying stocks are a great way to generate passive income and can be considered a safe bet amid market uncertainty ahead of the Federal Reserve’s policy decision. 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 expect more than 35% upside for each over the next 12 months. 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.
Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Here are the three stocks:
Nomad Foods (NOMD) – This is a European frozen foods company best known for brands like Birds Eye, Findus, and Iglo. The stock carries a dividend yield of 5.57% and a Smart Score of “Perfect 10.” Interestingly, five out of the six Wall Street analysts covering NOMD stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 46.84%.
Crescent Energy Company (CRGY) – Crescent Energy is a U.S. oil and gas producer focused on stable cash flow and shareholder returns. The stock carries a dividend yield of 5.71% and a Smart Score of Eight. Interestingly, six out of the eight Wall Street analysts covering CRGY stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 64.61%.
Energy Transfer (ET) – Energy Transfer is a leading U.S. midstream company that operates one of the largest networks of oil and natural gas pipelines in North America. The stock carries a dividend yield of 7.8% and a Smart Score of Eight. In the last three months, all 10 Wall Street analysts covering ET stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 35.4%.
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