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Top Ranked Income Stocks to Buy for June 29th

Zacks Equity Research
·2-min read

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 29th:

Frontline Ltd. (FRO): This shipping company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.1% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 40%, compared with the industry average of 0%. Its five-year average dividend yield is 5.6%.

AllianceBernstein Holding L.P. (AB): This investment manager has witnessed the Zacks consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 10.1%, compared with the industry average of 2.4%. Its five-year average dividend yield is 8.6%.

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Chimera Investment Corporation (CIM): This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 67.9% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 12.9%, compared with the industry average of 4.7%. Its five-year average dividend yield is 11.7%.

See the full list of top ranked stocks here.

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

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>



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
 
Frontline Ltd. (FRO) : Free Stock Analysis Report
 
Chimera Investment Corporation (CIM) : Free Stock Analysis Report
 
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research