Best Income Stocks to Buy for July 23rd

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

Kimbell Royalty KRP: This company which owns and acquires mineral and royalty interests in oil and natural gas properties, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.9% over the last 60 days.

Kimbell Royalty Price and Consensus

Kimbell Royalty price-consensus-chart | Kimbell Royalty Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 13.2%, compared with the industry average of 6.9%.

Kimbell Royalty Dividend Yield (TTM)

Kimbell Royalty dividend-yield-ttm | Kimbell Royalty Quote

NexPoint Residential Trust NXRT: This company which is engaged in acquiring, owning, operating and selectively developing multifamily properties, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

NexPoint Residential Trust, Inc. Price and Consensus

NexPoint Residential Trust, Inc. price-consensus-chart | NexPoint Residential Trust, Inc. Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.9%, compared with the industry average of 4%.

NexPoint Residential Trust, Inc. Dividend Yield (TTM)

NexPoint Residential Trust, Inc. dividend-yield-ttm | NexPoint Residential Trust, Inc. Quote

Franklin Resources BEN: This publicly owned asset management company which provides its services to individuals, institutions, pension plans, trusts, and partnerships, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.5% over the last 60 days.

Franklin Resources, Inc. Price and Consensus

Franklin Resources, Inc. price-consensus-chart | Franklin Resources, Inc. Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.2%, compared with the industry average of 2.9%.

Franklin Resources, Inc. Dividend Yield (TTM)

Franklin Resources, Inc. dividend-yield-ttm | Franklin Resources, Inc. Quote

See the full list of top ranked stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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