3 Safe Dividend Stocks Yielding 5%; Piper Sandler Says ‘Buy’

Analysts from investment firm Piper Sandler have done the legwork for dividend investors. They’ve scoured the market, and found safe dividend stocks. These are equities which have remained steady during the crisis – not cuts for suspensions here. And better – their payout ratios, a key metric indicating the ability of the company to maintain the dividend – are below 50%. And finally, these are stocks that Piper Sandler gives a Buy rating, with plenty of upside potential. Using TipRanks database, we’ve pulled up the details on three such stocks.

Horizon Bancorp (HBNC) offers both retail and commercial banking, along with investment management, retail lending, and insurance services. The company was hurt by the coronavirus epidemic, with the economic shutdowns reducing business to a trickle. The First of Long Island (FLIC) main subsidiary is the First National Bank of Long Island, operating in Nassau and Suffolk Counties, New York, and on Manhattan Island. The company shows a similar story to Horizon Bancorp, above: a fundamentally sound bank, hit by the coronavirus recessionary pressures. Silvercrest (SAMG) offers investment and advisory services, including consulting services, financial planning, and wealth management to individuals of high net worth, as well as charitable foundations.

Source: NASDAQ

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