2 “Buy Strong” dividend stocks yield at least 9%
The market has shown two themes in recent weeks, a combination of uncertainty and an upward trend. Day by day, it is impossible to predict what will happen, but the mass movement has been upward. Looking ahead, we all know that current events will strengthen uncertainty. As the market’s publicly traded companies report their Q3 results, we will get a clear idea as to the nature of the economic recovery. Q1 was a disaster, with the second quarter better than expected; While Q3 is also expected to beat expectations, no one will be surprised if it flops. So far, our first indication was the September jobs report, which was lower than forecast, but still showed some 661,000 new jobs last month. The big wild card, of course the national election, is now just weeks away. President Trump is fighting for his political life and the Democrat opposition is fighting to gain control of the government’s levers. It is an environment that practically screams investors to take protective action for their portfolios. And it is possible; Even in uncertain times, dividends are stocks that promise reliable returns and risk mitigation. Using the TipRanks database, we have drawn two stocks with Strong Buy ratings and high dividend yields. Wall Street analyst cores see them as ripe for investment returns, while a dividend yield of 9% or better promises a respite from today’s low-rate regime. Hoegh LNG Partners (HMLP) operates floating gas services, including Hoegh storage facilities and redevelopment units, which can act as LNG import terminals in the absence of shore-based infrastructure. This past summer, Hoegh announced a new CEO, which is part of a general transition. Of leadership in the company. The notable aspect was that the transition occurred during the COVID outbreak – and at that time the company showed positive revenue and earnings, avoiding huge losses that had hurt some of its competitors. Hoeigh’s EPS has varied quarter to quarter over the past two years, but Q2 numbers were in line with long-term averages, and the Q3 outlook, which was to be reported next month, is in the same range. Earnings usually mean a steady dividend, and HMLP distributes. The company has a 6-year history of dividend reliability, and the payout, of 44 cents per share, has been held steady through 2020. The $ 1.76 annual payment gives an impressive 15.5% higher yield. It is over 7x. S&P is found among listed dividend payers. Liam Burke of the B. Riley FBR counted himself as a fan. He writes, “Despite an almost declining global LNG consumption due to coronovirus, LNG has solid underlying demand, projected to grow 3% to 5% annually by 2030, setting the stage for continued demand” . For high return floating storage and re-gasification units (FSRU) over the current contract period. We continue to believe the long-term strength of the underlying charters of the LNG market and HMLP, as COVID-19-related declines in LNG consumption, despite inherent counter-party risks. Burke rates BMWP buy one share, and. Their $ 17 price target reflects confidence in 45.5% upside potential. (To see Burke’s track record, click here) Overall, Wall Street recently gave HMLP 3 Buys and 1 Hold for a strong Buy consensus rating. The average price target is $ 13.67, 19% above current trading levels of $ 11.41. (See HMLP Stock Analysis at TipRank) Hayes Midstream Operations (HESM) is Hayes Midstream, a player in the US oil and gas industry ahead of today’s dividend list. Hess provides infrastructure services for the gathering, processing, storage, and transportation of both crude oil and natural gas products in the Bakken Formation of North Dakota. Production companies have kept the product flowing despite the coronovirus, which is one of the reasons for the low prices in oil. Market – but it has also kept midstreamers in demand. Hess has benefitted from the continued need for his technical knowledge of the pipeline network, and as a result of this, while much of the oil industry recently retreated, Hess saw only a slight loss in revenue, while earning 2 of his – Conformed to Recent History of the Year. Second Quarter EPS was 29 cents; It was lower than Q1, but higher than 4Q19. It has turned on its steady earnings for the benefit of dividends, with dividends increasing every quarter for the past 2 years. The final payment sent in August, was 44 cents per normal share. It yielded 9.86%, which is stronger than any standard. Regarding JP Morgan analyst Tarek Hamid Hayes, “The unique pricing model underlining core profitability is unmatched and subsequently (to an extent) DAPL uncertainty overcomes relative to peers. Long-term growth The prospects of this may come in the form of a framework tied to asset-level acquisitions and potentially Hess’s GOM position, but management has been exposed to a conservative view regarding corporate M&A … HESM will burn cash this year However our modeling indicates a flip. FCF generation in FY21 at low capital intensity and high y / y profitability. ”To this end, JPMorgan rates HESM with a $ 23 price target with an overweight (ie buy) . This figure suggests a 40% upside for HESM shares in the coming months. However, this stock’s Strong Buy consensus rating is supported by 4 Buys and 1 Hold. The shares are selling for $ 16.46, and average $ 19.75. The price target indicates a 20% upside potential. (See HESM Stock Analysis at TipRank) Attractive Value To find good ideas for dividend stock trading on Eshan, buy from TipRank’s Best Stocks, a newly launched tool that equips all of TipRanks’ equity insights. Unites the disclaimer: The opinions expressed in this article are only those of select analysts. Content is to be used for informational purposes only. It is very important to do your own analysis before making any investment.