HomeMost PopularTech StocksTop Income Stock to Consider: Toyota Motor Corporation

Top Income Stock to Consider: Toyota Motor Corporation

Actionable Trade Ideas

always free

Toyota Motor Corporation: A Strong Pick for Income Investors

As we kick off December, one stock with a robust income profile stands out: Toyota Motor Corporation (TM). This automobile company has witnessed its Zacks Consensus Estimate for current year earnings soar an impressive 14.3% over the past 60 days, making it an enticing buy candidate for income-focused investors.

Dividend Yield and Growth Potential

Toyota Motor Corporation (TM) offers a dividend yield of 1.9%, a substantial figure compared to the industry average of 0.0%. This indicates that investors can enjoy both immediate income and the potential for long-term capital appreciation.

What’s more, the company’s strong earnings growth and expanding customer base position it to capitalize on the growing demand for Artificial Intelligence, Machine Learning, and the Internet of Things. The global semiconductor manufacturing sector is predicted to explode from $452 billion in 2021 to $803 billion by 2028, and TM is well-positioned to reap the benefits of this burgeoning market.

Unlocking Investment Opportunities

Investors seeking out similar top-ranked income stocks should check out the full list of top ranked stocks here. Moreover, exploring premium screens such as those offered by the Zacks investment platform can reveal even more top income stocks with high potential.

The Zacks Advantage

Investors can further leverage Zacks Investment Research for the latest insights and recommendations. With reports on the best income stocks available for download, users can stay ahead in their investment strategies and make informed decisions.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.