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.
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Leveraging the 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 2.5%.
Here are this week’s stocks:
Coca-Cola (KO) – Coca-Cola is a global beverage corporation known for its flagship product, Coca-Cola, and other soft drinks. The stock has a high dividend yield of 3.13% and a Smart Score of nine. Interestingly, 11 out of the 13 Wall Street analysts covering KO stock have rated it a Buy, with their 12-month consensus price target indicating an upside of over 19%.
ConocoPhillips (COP) – This global energy company is engaged in the exploration, production, and marketing of oil and natural gas. The stock has a dividend yield of 3.15% and a Smart Score of “Perfect 10.” Further, 16 out of the 17 Wall Street analysts covering COP stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 35%.
Metlife (MET) – MetLife provides financial services, including insurance, annuities, employee benefits, and asset management. MET stock carries a dividend yield of 2.64% and a Smart Score of 10. Moreover, all ten Wall Street analysts covering the stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 19%.
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.
