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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Leveraging the TipRanks’ Best Dividend Stocks Screener, we have identified three stocks with Strong Buy or Moderate 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:
Rogers Communication (RCI) – RCI is a Canadian communications and media company. The stock has a high dividend yield of 4.1% and a Smart Score of “Perfect 10.” Interestingly, RCI stock has an analyst consensus of Strong Buy. Also, the 12-month average price target indicates an upside of about 35%.
Enbridge (ENB) – This energy infrastructure company transports and distributes crude oil, natural gas, and renewable energy. The stock has a dividend yield of 6.32% and a Smart Score of “Perfect 10.” Further, the stock has a Moderate Buy consensus rating, with a 12-month price target indicating nearly 15% upside.
Petrobras (PBR) – Petrobras is a Brazilian state-controlled energy company. PBR stock carries a dividend yield of 11.66% and a Smart Score of 10. Moreover, it has a Moderate Buy consensus rating and the 12-month price target implies an upside of about 17%.
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.
