As the market embarks on a relentless quest for high performing income stocks, three companies have emerged as stars in the field of dividend yields and robust financial standings. Intesa Sanpaolo S.p.A., Target Corporation, and Ingredion Incorporated are the leading contenders, offering investors a lucrative opportunity to bolster their portfolios. Let’s delve into the specifics of these income giants and why they should be on every investor’s radar today, January 22.
Intesa Sanpaolo S.p.A. (ISNPY)
The financial powerhouse, Intesa Sanpaolo S.p.A., is making waves in the income stock market. With a Zacks Rank #1, the company has seen a 3.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days. Not only that, but Intesa Sanpaolo S.p.A. boasts a staggering dividend yield of 7.4%, significantly trumping the industry average of 4%. Such robust figures solidify Intesa Sanpaolo S.p.A.’s reputation as a prime choice for investors seeking substantial and reliable income sources in the financial sector.
Target Corporation (TGT)
Amidst the realm of general merchandise retailers, Target Corporation stands out as a beacon of strength and stability. With the Zacks Consensus Estimate for its current year earnings surging by 0.6% over the last 60 days, Target Corporation secures its position as a Zacks Rank #1 company. Offering investors a dividend yield of 3.2%, well above the industry average of 1%, Target Corporation presents an enticing proposition for dividend-focused investors. Its stellar performance in the income realm cements its status as a formidable income stock worth considering.
Ingredion Incorporated (INGR)
Leading the charge in the starch-based products industry, Ingredion Incorporated is carving a path of growth and resilience. With a Zacks Rank #1, the company has witnessed a 1.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days. Additionally, Ingredion Incorporated displays a remarkable dividend yield of 2.8%, surpassing the industry average of 0.0%. This sets the stage for Ingredion Incorporated to be a top choice for investors on the lookout for stable and rewarding income stocks within the sector.
For a comprehensive list of top ranked stocks, visit Zacks Investment Research. Additionally, interested investors can explore more top income stocks with the aid of premium screens available at Zacks.
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Author: Zacks Investment Research
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