Best Income Stocks to Buy for January 20th

GGB MC MBWM

Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 20th:

Gerdau (GGB - Free Report) : This largest long steel producer in Latin America has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.6% over the last 90 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 19.41%, compared with the industry average of 0.52%.

Moelis & Company (MC - Free Report) : This global investment bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.4% over the last 90 days.

This Zacks Rank #1 company has a dividend yield of 4.35%, compared with the industry average of 0.46%.

Mercantile Bank (MBWM - Free Report) : This company that serves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.11%, compared with the industry average of 2.43%.

See the full list of top ranked stocks here.

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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 >>