2 “Strong Buy” Stocks With High-Yielding Dividends

For the retail investor, the only certainty of our current market environment is uncertainty. Volatility is up, and the main indexes are showing deepening losses. As if that wasn’t enough, at least one market bull is turning a bit more pessimistic.

JPMorgan strategist Marko Kolanovic has been one of the more bullish voices on Wall Street in recent months, but current conditions have him pushing the timeline back. While he still believes that the S&P 500 can hit 4,800, or a 32% gain from current levels, he is putting that target into 2023 rather than this year’s end.

Kolanovic sees two main risks ahead, and both are artifacts of policy; central bank policy, which has potential to further damage currency and the stock market, and Russia’s war policy in Ukraine, which is threatening to destabilize the peace of Europe generally. Kolanovic describes the array of policy errors as ‘throwing rocks in glass houses.’

This sort of warning signals it is time for some defensive plays, and this will naturally bring us to dividend stocks. These are the stocks which will ensure a steady income no matter the day-to-day market swings and protect the portfolio against any incoming volatility.

Bearing this in mind, we used the TipRanks’ database to zero-in on two stocks that are showing high dividend yields – at least 5%. Each stock also holds a Strong Buy consensus rating; let’s see what makes them so attractive to Wall Street’s analysts.

WP Carey & Company (WPC)

We’ll start with WP Carey, a real estate investment trust (REIT). The company operates on the net lease model, under which tenants pay all expenses related to property management, including property taxes, insurance, and maintenance, but also frequently upgrades and new construction. The property owner leases out the land to a tenant who has more than the usual freedom to make improvements.

WP Carey operates in the US and Europe, and boasts a total of 1,390 net lease properties, in more than 25 countries, with a total of 170 million leasable square feet. These properties have a 99.1% occupancy rate, and 99.3%…

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