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Top Ranked Income Stocks to Buy for July 1st

Zacks Equity Research

Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 1st:

ALLETE, Inc. (ALE): This energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.

Allete, Inc. Price and Consensus

Allete, Inc. Price and Consensus

Allete, Inc. price-consensus-chart | Allete, Inc. Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 2.82%, compared with the industry average of 2.77%. Its five-year average dividend yield is 3.41%.

Allete, Inc. Dividend Yield (TTM)

Allete, Inc. Dividend Yield (TTM)

Allete, Inc. dividend-yield-ttm | Allete, Inc. Quote

Ameriprise Financial, Inc. (AMP): This provider of financial products and services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.

Ameriprise Financial, Inc. Price and Consensus

Ameriprise Financial, Inc. Price and Consensus

Ameriprise Financial, Inc. price-consensus-chart | Ameriprise Financial, Inc. Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 2.87%, compared with the industry average of 2.82%. Its five-year average dividend yield is 2.43%.

Ameriprise Financial, Inc. Dividend Yield (TTM)

Ameriprise Financial, Inc. Dividend Yield (TTM)

Ameriprise Financial, Inc. dividend-yield-ttm | Ameriprise Financial, 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 9.24%, compared with the industry average of 4.19%. Its five-year average dividend yield is 8.54%.

Arbor Realty Trust Dividend Yield (TTM)

Arbor Realty Trust Dividend Yield (TTM)

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

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 2.87%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.59%.

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

See the full list of top ranked stocks here.

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

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Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report
 
Allete, Inc. (ALE) : Free Stock Analysis Report
 
Arbor Realty Trust (ABR) : Free Stock Analysis Report
 
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