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Top Ranked Income Stocks to Buy for August 24th

Here are four stocks with buy rank and strong income characteristics for investors to consider today, August 24th:

Mercantile Bank Corporation MBWM: This bank holding company for Mercantile Bank of Michigan has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.

 

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.65%, compared with the industry average of 2.53%. Its five-year average dividend yield is 3.15%.

 

Janus Henderson Group plc JHG: This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.7% over the last 60 days.

 

This Zacks Rank #1 company has a dividend yield of 3.55%, compared with the industry average of 1.58%. Its five-year average dividend yield is 4.99%.

 

Janus Henderson Group plc Dividend Yield (TTM)

Janus Henderson Group plc dividend-yield-ttm | Janus Henderson Group plc Quote

 

Hanesbrands Inc. HBI: This leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% over the last 60 days.

 

Hanesbrands Inc. Price and Consensus

Hanesbrands Inc. price-consensus-chart | Hanesbrands Inc. Quote

 

This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 0.00%. Its five-year average dividend yield is 3.42%.

 

Hanesbrands Inc. Dividend Yield (TTM)

Hanesbrands Inc. dividend-yield-ttm | Hanesbrands Inc. Quote

 

Apollo Global Management, Inc. APO: This company that provides alternative asset manager services has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 31% over the last 60 days.

 

This Zacks Rank #1 company has a dividend yield of 3.48%, compared with the industry average of 1.58%. Its five-year average dividend yield is 6.00%.

 

See the full list of top ranked stocks here.

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


Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs 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
 
Hanesbrands Inc. (HBI): Free Stock Analysis Report
 
Apollo Global Management, Inc. (APO): Free Stock Analysis Report
 
Mercantile Bank Corporation (MBWM): Free Stock Analysis Report
 
Janus Henderson Group plc (JHG): Get Free Report
 
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