U.S. Markets close in 42 mins

Top Ranked Income Stocks to Buy for July 8th

Zacks Equity Research

Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 8th:

Best Buy Co., Inc. (BBY): This retailer of technology products, services, and solutions has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days.

Best Buy Co., Inc. Price and Consensus

Best Buy Co., Inc. Price and Consensus

Best Buy Co., Inc. price-consensus-chart | Best Buy Co., Inc. Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 2.78%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.61%.

Best Buy Co., Inc. Dividend Yield (TTM)

Best Buy Co., Inc. Dividend Yield (TTM)

Best Buy Co., Inc. dividend-yield-ttm | Best Buy Co., Inc. Quote

Arbor Realty Trust, Inc. (ABR): This real estate investment trust (REIT) has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Arbor Realty Trust Price and Consensus

Arbor Realty Trust Price and Consensus

Arbor Realty Trust price-consensus-chart | Arbor Realty Trust Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 9.08%, compared with the industry average of 4.31%. Its five-year average dividend yield is 8.61%.

Arbor Realty Trust Dividend Yield (TTM)

Arbor Realty Trust Dividend Yield (TTM)

Arbor Realty Trust dividend-yield-ttm | Arbor Realty Trust Quote

Capitala Finance Corp. (CPTA): This business development company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.

Capitala Finance Corp. Price and Consensus

Capitala Finance Corp. Price and Consensus

Capitala Finance Corp. price-consensus-chart | Capitala Finance Corp. Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 10.35%, compared with the industry average of 8.91%. Its five-year average dividend yield is 12.21%.

Capitala Finance Corp. Dividend Yield (TTM)

Capitala Finance Corp. Dividend Yield (TTM)

Capitala Finance Corp. dividend-yield-ttm | Capitala Finance Corp. Quote

Atlantica Yield plc (AY): This owner and manager of renewable energy, natural gas power, electric transmission lines and water assets has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.

Atlantica Yield PLC Price and Consensus

Atlantica Yield PLC Price and Consensus

Atlantica Yield PLC price-consensus-chart | Atlantica Yield PLC Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 6.73%, compared with the industry average of 2.89%. Its five-year average dividend yield is 5.36%.

Atlantica Yield PLC Dividend Yield (TTM)

Atlantica Yield PLC Dividend Yield (TTM)

Atlantica Yield PLC dividend-yield-ttm | Atlantica Yield PLC Quote

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Capitala Finance Corp. (CPTA) : Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
Atlantica Yield PLC (AY) : Free Stock Analysis Report
 
Arbor Realty Trust (ABR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research