Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 16th:

Two Harbors Investment Corp. (TWO Quick QuoteTWO - Free Report) : This real estate mortgage company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 318.2% over the last 60 days.

Two Harbors Investments Corp Price and Consensus

Two Harbors Investments Corp price-consensus-chart | Two Harbors Investments Corp Quote

This Zacks Rank #1 company has a dividend yield of 14%, compared with the industry average of 10.6%.

Two Harbors Investments Corp Dividend Yield (TTM)

Two Harbors Investments Corp dividend-yield-ttm | Two Harbors Investments Corp Quote

Clipper Realty Inc. (CLPR Quick QuoteCLPR - Free Report) : This real estate company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.6% over the last 60 days.

Clipper Realty Inc. Price and Consensus

Clipper Realty Inc. price-consensus-chart | Clipper Realty Inc. Quote

This Zacks Rank #1 company has a dividend yield of 5.7%, compared with the industry average of 4.3%.

Clipper Realty Inc. Dividend Yield (TTM)

Clipper Realty Inc. dividend-yield-ttm | Clipper Realty Inc. Quote

First Community Corporation (FCCO Quick QuoteFCCO - Free Report) : This bank holding company for First Community Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

First Community Corporation Price and Consensus

First Community Corporation price-consensus-chart | First Community Corporation Quote

This Zacks Rank #1 company has a dividend yield of 2.8%, compared with the industry average of 2.5%.

First Community Corporation Dividend Yield (TTM)

First Community Corporation dividend-yield-ttm | First Community Corporation Quote

See the full list of top ranked stocks here.

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