Dividend stocks can be an effective way to create passive income, especially in today’s unpredictable market. Moreover, these investments might yield significant capital gains over time. Investors can utilize Tipranks’ dividend calculators to estimate future returns based on their investment amounts.
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This week, we utilized Tipranks’ top dividend stock screener to spotlight three stocks that analysts have given strong buy ratings. Each of these stocks boasts dividend yields exceeding 5%, and analysts predict growth of over 30% within the next year. Be sure to click on the ticker for a detailed review before incorporating it into your portfolio.
The stocks highlighted this week include:
Upbound Group (UPBD) – This company facilitates access to furniture, electronics, and home appliances through lease options under brands like Rent-a-Center and Acima. It currently has a dividend yield of 7.43% and a smart score of 9. Notably, four out of five Wall Street analysts covering UPBD recommend it as a buy, with the consensus price target suggesting a rise of about 56.03% within the next 12 months.
Viper Energy (VNOM) – Based in the U.S., Viper Energy focuses on acquiring and holding mineral and royalty interests in oil and natural gas fields, mostly in the Permian Basin. The stock offers a dividend yield of 6.75% and achieved a perfect Smart Score of 10. Recently, all twelve analysts covering VNOM suggested it as a strong buy, with an expected 12-month price target reflecting an approximate 45.49% increase.
Copa Holdings (CPA) – This Panama-based airline group operates flights through its subsidiaries, Copa Airlines and Wingo, across the United States. It has a dividend yield of 5.91% along with a perfect Smart Score of 10. Over the past three months, all six analysts monitoring CPA have rated it a strong buy, projecting a 12-month price target increase of around 33.80%.
What is the Tipranks Smart Dividend Newsletter?
The Tipranks Smart Dividends Newsletter provides weekly recommendations for high-quality dividend stocks, which are supported by detailed analysis and the latest market insights. Selecting the right dividend stock can enhance your income investment portfolio and potentially yield long-term benefits.
For an extensive list of dividend stocks along with their payment dates, refer to the Tipranks Dividend Calendar.
Optimize your dividend income with Tipranks’ dividend calculator
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