Best Income Stocks to Buy for August 18th

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 18th:

CION Investment Corporation CION: This business development company which primarily provides senior secured loans to U.S. middle-market companies, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days.

CION Investment Corporation Price and Consensus

CION Investment Corporation price-consensus-chart | CION Investment Corporation Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 13.8%, compared with the industry average of 10.7%.

CION Investment Corporation Dividend Yield (TTM)

CION Investment Corporation dividend-yield-ttm | CION Investment Corporation Quote

Millicom International Cellular TIGO: This company which is a leading international operator of cellular telephony services, primarily in emerging markets where the basic telephone service is often inadequate and where economic development and change are creating new demand for communication services, has witnessed the Zacks Consensus Estimate for its next year earnings increasing 6.1% over the last 60 days.

Millicom International Cellular SA Price and Consensus

Millicom International Cellular SA price-consensus-chart | Millicom International Cellular SA Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.7%, compared with the industry average of 2.7%.

Millicom International Cellular SA Dividend Yield (TTM)

Millicom International Cellular SA dividend-yield-ttm | Millicom International Cellular SA Quote

Enbridge ENB: This leading energy infrastructure company, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.3% over the last 60 days.

Enbridge Inc Price and Consensus

Enbridge Inc price-consensus-chart | Enbridge Inc Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.8%, compared with the industry average of 4.5%.

Enbridge Inc Dividend Yield (TTM)

Enbridge Inc dividend-yield-ttm | Enbridge 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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