Markets

Top Ranked Income Stocks to Buy for September 23rd

Here are four stocks with buy rank and strong income characteristics for investors to consider today, September 23rd:

PennyMac Mortgage Investment Trust (PMT): This specialty finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.

PennyMac Mortgage Investment Trust Price and Consensus

PennyMac Mortgage Investment Trust Price and Consensus

PennyMac Mortgage Investment Trust price-consensus-chart | PennyMac Mortgage Investment Trust Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 8.5%, compared with the industry average of 0%. Its five-year average dividend yield is 11.3%.

PennyMac Mortgage Investment Trust Dividend Yield (TTM)

PennyMac Mortgage Investment Trust Dividend Yield (TTM)

PennyMac Mortgage Investment Trust dividend-yield-ttm | PennyMac Mortgage Investment Trust Quote

Oxford Lane Capital Corp. (OXLC): This closed-end management investment company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 days.

Oxford Lane Capital Corp. Price and Consensus

Oxford Lane Capital Corp. Price and Consensus

Oxford Lane Capital Corp. price-consensus-chart | Oxford Lane Capital Corp. Quote

This Zacks Rank #2 (Buy) company has a dividend yield of 16.7%, compared with the industry average of 3.8%. Its five-year average dividend yield is 17.5%.

Oxford Lane Capital Corp. Dividend Yield (TTM)

Oxford Lane Capital Corp. Dividend Yield (TTM)

Oxford Lane Capital Corp. dividend-yield-ttm | Oxford Lane Capital Corp. Quote

Westpac Banking Corporation (WBK): This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.

Westpac Banking Corporation Price and Consensus

Westpac Banking Corporation Price and Consensus

Westpac Banking Corporation price-consensus-chart | Westpac Banking Corporation Quote

This Zacks Rank #2 company has a dividend yield of 6.4%, compared with the industry average of 3.3%. Its five-year average dividend yield is 6.1%.

Westpac Banking Corporation Dividend Yield (TTM)

Westpac Banking Corporation Dividend Yield (TTM)

Westpac Banking Corporation dividend-yield-ttm | Westpac Banking Corporation Quote

Senior Housing Properties Trust (SNH): This real estate investment trust company has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 1.5% over the last 60 days.

Senior Housing Properties Trust Price and Consensus

Senior Housing Properties Trust Price and Consensus

Senior Housing Properties Trust price-consensus-chart | Senior Housing Properties Trust Quote

This Zacks Rank #2 company has a dividend yield of 6.8%, compared with the industry average of 4.2%. Its five-year average dividend yield is 8.6%.

Senior Housing Properties Trust Dividend Yield (TTM)

Senior Housing Properties Trust Dividend Yield (TTM)

Senior Housing Properties Trust dividend-yield-ttm | Senior Housing Properties Trust Quote

See the full list of top ranked stocks here.

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

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Westpac Banking Corporation (WBK): Free Stock Analysis Report

Senior Housing Properties Trust (SNH): Free Stock Analysis Report

PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report

Oxford Lane Capital Corp. (OXLC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.