Top Ranked Income Stocks to Buy for May 24th

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

Two Harbors Investment Corp. (TWO - Free Report) : This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings advancing 1.1% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 12.06%, compared with the industry average of 8.18%. Its five-year average dividend yield is 11.03%.

Hawaiian Electric Industries, Inc. (HE - Free Report) : This electric utility services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.71%, compared with the industry average of 3.37%. Its five-year average dividend yield is 4.19%.

PennyMac Mortgage Investment Trust (PMT - Free Report) : This specialty finance company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 4.4% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 10.07%, compared with the industry average of 0.00%. Its five-year average dividend yield is 11.52%.

TerraForm Power, Inc. : This operator of clean power generation assets has witnessed the Zacks Consensus Estimate for its current year earnings jumping 61.8% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.90%, compared with the industry average of 3.37%. Its five-year average dividend yield is 3.82%.

See the full list of top ranked stocks here

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Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

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Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>