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 4.5%.
Here are this week’s stocks:
Ares Capital (ARCC) – Ares Capitalprovides financing solutions to middle-market companies across various industries. The stock has a high dividend yield of 8.83% and a Smart Score of eight. Interestingly, eight out of the ten Wall Street analysts covering ARCC stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 3%.
Energy Transfer (ET) – This company operates a network of pipelines and facilities for transporting, storing, and processing natural gas and crude oil. The stock has a dividend yield of 6.5% and a Smart Score of nine. Interestingly, eight out of the nine Wall Street analysts covering ET stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 10%.
Chevron (CVX) – This is an energy company engaged in oil and gas exploration, production, refining, and distribution. CVX stock carries a dividend yield of 4.53% and a Smart Score of nine. Interestingly, ten out of the thirteen Wall Street analysts covering CVX stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 21%.
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.
