Top Ranked Income Stocks to Buy for March 10th

M FRO CIM DX

Here are four stocks with buy rank and strong income characteristics for investors to consider today, March 10th:

Dynex Capital, Inc. (DX - Free Report) : This mortgage real estate investment trust that invests in mortgage-backed securities on a leveraged basis in the United Stateshas witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 11.6%, compared with the industry average of 8.8%. Its five-year average dividend yield is 12%.

Macy's, Inc. (M - Free Report) : This an omnichannel retail organization that operates stores, Websites, and mobile applications has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 14.5%, compared with the industry average of 1.6%. Its five-year average dividend yield is 5%.

Frontline Ltd. (FRO - Free Report) : This shipping company that engages in the seaborne transportation of crude oil and oil products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 5.3%, compared with the industry average of 0%. Its five-year average dividend yield is 5.2%.

Chimera Investment Corporation (CIM - Free Report) : This real estate investment trust that invests in a portfolio of mortgage assets has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 10.6%, compared with the industry average of 8.8%. Its five-year average dividend yield is 11.6%.

See the full list of top ranked stocks here.

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These 7 were selected because of their superior potential for immediate breakout.

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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.

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