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:
NiSource (NI) – NiSource operates as a regulated natural gas and electric utility in the United States. The stock has a high dividend yield of 2.88% and a Smart Score of “Perfect 10.” Interestingly, seven out of the eight Wall Street analysts covering NI stock have rated it a Buy, with their 12-month consensus price target indicating an upside of over 5%.
F.N.B. (FNB) – This financial services company offers banking, insurance, and wealth management solutions. The stock has a dividend yield of 3.27% and a Smart Score of “Perfect 10.” Further, all six Wall Street analysts covering FNB stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 24%.
Rithm Capital (RITM) – Rithm Capital is an American investment management company. The stock has a high dividend yield of 8.99% and a Smart Score of ten. Interestingly, all three Wall Street analysts covering RITM stock have rated it a Buy, with their 12-month consensus price target indicating an upside of over 18%.
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.
