Top Ranked Income Stocks to Buy for July 8th

In this article:

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

CIT Group Inc. (CIT): This banking and related services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

CIT Group Inc. Price and Consensus

CIT Group Inc. Price and Consensus
CIT Group Inc. Price and Consensus

CIT Group Inc. price-consensus-chart | CIT Group Inc. Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.89%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.77%.

CIT Group Inc. Dividend Yield (TTM)

CIT Group Inc. Dividend Yield (TTM)
CIT Group Inc. Dividend Yield (TTM)

CIT Group Inc. dividend-yield-ttm | CIT Group Inc. Quote

Best Buy Co., Inc. (BBY): This company that retails technology products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.

Best Buy Co., Inc. Price and Consensus

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 #1 company has a dividend yield of 2.55%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.54%.

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

Silicon Motion Technology Corporation (SIMO): This company that designs, develops, and markets NAND flash controllers for solid-state storage devices has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Silicon Motion Technology Corporation Price and Consensus

Silicon Motion Technology Corporation Price and Consensus
Silicon Motion Technology Corporation Price and Consensus

Silicon Motion Technology Corporation price-consensus-chart | Silicon Motion Technology Corporation Quote

This Zacks Rank #1 company has a dividend yield of 2.27%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.45%.

Silicon Motion Technology Corporation Dividend Yield (TTM)

Silicon Motion Technology Corporation Dividend Yield (TTM)
Silicon Motion Technology Corporation Dividend Yield (TTM)

Silicon Motion Technology Corporation dividend-yield-ttm | Silicon Motion Technology Corporation Quote

Banco de Chile (BCH): This banking and financial products and services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Banco De Chile Price and Consensus

Banco De Chile Price and Consensus
Banco De Chile Price and Consensus

Banco De Chile price-consensus-chart | Banco De Chile Quote

This Zacks Rank #1 company has a dividend yield of 2.01%, compared with the industry average of 1.53%. Its five-year average dividend yield is 2.93%.

Banco De Chile Dividend Yield (TTM)

Banco De Chile Dividend Yield (TTM)
Banco De Chile Dividend Yield (TTM)

Banco De Chile dividend-yield-ttm | Banco De Chile Quote

See the full list of top ranked stocks here.

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

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


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

Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report

CIT Group Inc. (CIT) : Free Stock Analysis Report

Banco De Chile (BCH) : Free Stock Analysis Report

Best Buy Co., Inc. (BBY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement