Best Income Stocks to Buy for June 5th

Zacks Equity Research Published on June 05, 2023

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 5th:

Newmont Corporation (NEM - Free Report) : This producer and explorer of gold and other metals has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.4% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.8%, compared with the industry average of 0.0%.

Kennametal Inc. (KMT - Free Report) : This company that engages in the business of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.6% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.9%, compared with the industry average of 2.2%.

Ryerson Holding Corporation (RYI - Free Report) : This company that processes and distributes industrial metals has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.3% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2%, compared with the industry average of 1.5%.

See the full list of top ranked stocks here.

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

Top 5 ChatGPT Stocks Revealed

Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”