At Extreme Investor Network, we understand the importance of finding the right investment opportunities, especially when it comes to dividend-paying stocks. With a favorable consumer price index report for April raising hopes for rate cuts from the Federal Reserve, there is a growing interest in dividend stocks due to their competitive yields versus Treasurys.
In light of this, we have identified three attractive dividend stocks recommended by Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance. Let’s take a closer look at these promising investment opportunities.
1. Ares Capital (ARCC)
Ares Capital is a company that focuses on financing solutions for small- and middle-market companies. With an attractive dividend yield of 9.1%, ARCC recently announced its first-quarter results and declared a quarterly dividend of 48 cents per share, payable on June 28.
According to RBC Capital analyst Kenneth Lee, ARCC’s core earnings per share slightly missed estimates. However, Lee emphasized the company’s strong track record of managing risks, well-supported dividends, and scale advantages. With an Outperform rating and a price target of $22, Lee’s bullish outlook on ARCC is supported by the company’s capital position and experienced leadership team.
Ranked No. 40 among more than 8,800 analysts tracked by TipRanks, Lee has a success rate of 71%, with an average return of 17.2% on his recommendations. For more insights on Ares Capital’s ownership structure, check out TipRanks.
2. Brookfield Infrastructure Partners (BIP)
Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates diversified, long-life assets in various sectors. With a yield of 5.3%, BIP recently announced its first-quarter results and declared a quarterly distribution of $0.405 per unit, marking a 6% year-over-year increase.
BMO Capital analyst Devin Dodge reaffirmed a buy rating on BIP, highlighting the company’s robust investment in container-leasing company Triton International, which is exceeding expectations. Moreover, BIP’s capital deployment and acquisition pipeline position the company for growth and value creation in the coming years.
Ranked No. 582 on TipRanks, Dodge has a success rate of 68%, with an average return of 10.6% on his recommendations. For more details on Brookfield Infrastructure’s insider trading activity, visit TipRanks.
3. Realty Income (O)
Realty Income is a real estate investment trust that invests in diversified commercial real estate. With a dividend yield of 5.6%, the company paid a monthly dividend of $0.257 per share on May 15, based on an annualized dividend amount of $3.08 per share.
RBC Capital analyst Brad Heffern reiterated a buy rating on Realty Income stock, emphasizing the company’s high-quality net lease portfolio and strong industrial presence. Heffern’s positive outlook on O is supported by the company’s impressive first-quarter results and strategic acquisitions in Europe.
Ranked No. 505 on TipRanks, Heffern has a success rate of 48%, with an average return of 12% on his recommendations. To learn more about Realty Income’s stock buybacks, check out TipRanks for additional insights.
In conclusion, these three dividend stocks offer compelling investment opportunities for income investors in the current market environment. For more expert analysis and investment recommendations, stay tuned to Extreme Investor Network for the latest updates and insights.