Investors eying consistent income could consider investing their surplus cash in dividend-paying stocks. Using the TipRanks Dividend Calendar, we came across three stocks whose ex-dividend date is around the corner. Further, investors should note that we only focused on shares of the companies that are analysts’ favorites and command a Strong Buy consensus rating on TipRanks.
Ellington Financial (NYSE:EFC)
Ellington Financial is a REIT (Real Estate Investment Trust). EFC has received four Buy and one Hold recommendations for a Strong Buy consensus rating. Moreover, analysts’ price target of $14.70 implies 14.04% upside potential. EFC has an ex-dividend date of December 29. Meanwhile, its monthly dividend of $0.15 a share translates into a dividend yield of 14.1%.
BrightSpire Capital (NYSE:BRSP)
BrightSpire Capital also belongs to the world of REITs. It has received three Buy and one Hold recommendations for a Strong Buy consensus rating. Further, these analysts’ average price target of $10.17 implies 52.25% upside potential. BRSP has an ex-dividend date of December 29. Meanwhile, its quarterly dividend of $0.20 per share reflects a dividend yield of 11.63%.
Innovative Industrial Properties (NYSE:IIPR)
Innovative Industrial Properties operates as a REIT that acquires, manages, and leases industrial properties for the regulated cannabis sector. IIPR stock has a Strong Buy consensus rating on TipRanks based on five unanimous Buy recommendations. It has an ex-dividend date of December 29. Meanwhile, its quarterly dividend of $1.80 a share reflects a dividend yield of 6.53%.