Investors are often looking for safe and high yielding stocks in turbulent markets. With the S&P 500 up 8.13% for the year, there has been a lot of speculation about how to best approach the volatile markets. One option that has performed well in the past are stocks with stable dividends. These companies are seen as having strong financials and, in turn, pay dividends that provide investors some extra cash flow and reduce price volatility.
A fintech company, TipRanks, has compiled a list of stocks with a high dividend yield and strong buy ratings. According to the TipRanks platform, these stocks have a dividend yield of over 5% and are forecasted to increase in value by over 20%. These predictions come from “top analysts” who have made accurate predictions in the past and have a four or five-star rating.
Some of the stocks on this list include Bank of New York Mellon Corporation (BK), Realty Income Corporation (O), The Kraft Heinz Company (KHC), and Procter & Gamble Company (PG). Bank of New York Mellon Corporation (BK), for example, pays a dividend yield of 4.4%, has a one-year target price of $49.02 per share, and is up 3.05% year-to-date.
TipRanks is a fintech company based in Tel Aviv, Israel that provides investors with financial data and analysis. Using advanced artificial intelligence techniques, they collect, analyze, and interpret data from over 8,000 sources in order to offer investors the best investment advice. TipRanks also has access to over 6,000 analysts, enabling them to interpret their research and come up with accurate stock recommendations.
Stuart Dyer is the co-founder and CEO of TipRanks. He created the concept for the company in 2011, fueled by the vision of making analytical data more accessible to the public. Since then, TipRanks has revolutionized the online investing landscape and was even recently recognized by Fast Company as one of the world’s most innovative companies.
