Zacks Investment Ideas feature highlights: Devon Energy, ICL Group and Cheniere Energy Partners

[view original post]

For Immediate Release

Chicago, IL – July 18, 2022 – Today, Zacks Investment Ideas feature highlights Devon Energy DVN, ICL Group ICL and Cheniere Energy Partners CQP.

3 Highly Ranked Stocks Perfect for Income Investors

Investing for a stream of income is a widely-popular strategy deployed by investors, and for understandable reasons – we all love getting paid.

A reliable income stream from your investments is undoubtedly a significant boost, and it’s even better when those investments perform well.

Investors are well aware of how brutal the market has been in 2022, but there are still stocks out there performing relatively well, such as Devon Energy, ICL Group and Cheniere Energy Partners.

In addition, all three pay a hefty dividend and have strong Zacks Ranks, making them even more appealing.

All three companies’ shares have been notably more robust than the S&P 500, undoubtedly a major positive.

Let’s look at each company’s dividend and free cash flow metrics a little closer to understand why they’d be solid bets for income investors.

ICL Group

ICL Group is engaged in the fertilizer and specialty chemical sectors. The company’s operating segments include Fertilizers, Industrial Products, and Performance Products.

ICL is a Zacks Rank #1 (Strong Buy) with an overall VGM Score of a B.

Analysts have substantially raised their earnings outlook across all timeframes over the last 60 days.

ICL has stellar dividend metrics. The company rewards its shareholders via its annual dividend that yields a massive 10.6%, with a payout ratio sitting sustainably at 39% of earnings.

In addition, the company has increased its dividend payout seven times over the last five years, with a five-year annualized dividend growth rate of a double-digit 17.5%.

The company’s annual yield is much higher than its Zacks Sector’s average.

Additionally, free cash flow of the company has recently been on an uptrend.

Cheniere Energy Partners

Cheniere Energy Partners owns and operates regasification units at the Sabine Pass LNG terminal. It provides clean, secure, and affordable LNG to several entities.

CQP is a Zacks Rank #1 (Strong Buy) with an overall VGM Score of a B.

Within the last 60 days, analysts have raised their earnings outlook marginally higher.

CQP’s annual dividend yield resides at a steep 7.5%, undoubtedly on the high end.

However, what sticks out is CQP’s dedication to rewarding its shareholders; over the last five years, the company has increased its dividend a whopping 19 times, with a five-year annualized dividend growth rate of 11.5%.

The yield is much higher than its Zacks Sector’s average.

In addition, free cash flow of the company has recently been strong.

Devon Energy

Devon Energy Corp. is an independent energy company engaged primarily in the exploration, development, and production of oil and natural gas.

DVN is a Zacks Rank #2 (Buy) with an overall VGM Score of an A.

Over the last 60 days, analysts have pushed their earnings estimates notably higher across all timeframes.

DVN is dedicated to consistently rewarding its shareholders; over the last five years, the company has impressively increased its dividend ten times and has a double-digit five-year annualized dividend growth rate of a sizable 47%. The company’s annual dividend yields a massive 9.9%.

In addition, DVN’s annual dividend yield is much higher than its Zacks Sector’s average.

The company’s free cash flow has also consistently increased.

Bottom Line

Everybody loves getting paid. Income investing is a widely-used strategy in the market, and it won’t be going anywhere anytime soon. All three companies above have high dividend yields paired with robust dividend growth, undoubtedly enough to make any income investor excited.

In addition, all three companies above have strong Zacks Ranks, rising free cash flow, strong year-to-date share performance, and positive estimate revisions across all timeframes.

All three companies would be solid bets for investors looking to add an income stream into their portfolios.

Why Haven’t You Looked at Zacks’ Top Stocks?

Our 5 best-performing strategies have blown away the S&P’s impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.

See Stocks Free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Devon Energy Corporation (DVN) : Free Stock Analysis Report
 
Cheniere Energy Partners, LP (CQP) : Free Stock Analysis Report
 
ICL Group Ltd. (ICL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research