3 New Income Favorites From Dividend Detective

The market, ignoring the pandemic news, has rewarded stocks that beat analyst forecasts, even if those forecasts called for a 50% drop in earnings from last year.

We’re adding basic innerwear and casual outerwear apparel maker HanesBrands (HBI) to the portfolio. Brands include Champion, Maidenform, Bali, Playtex, Lovable, L’eggs, Wonderbra, etc.

Recent sales have been buoyed by masks and other protective gear. Meanwhile, a new CEO with extensive experience at Wal-Mart (WMT) took over on August 3.

Analysts expect that expanded product lines and new marketing programs will spur significant future growth. The stock's dividend yield is 4.2%.

An October 2017 spin-off from Caesars Entertainment, VICI Properties (VICI) owns gaming and hospitality properties, including Caesars Palace in Las Vegas that it leases to third party operators.

VICI also owns four championship golf courses. VICI, growing mainly by acquisition, recently announced two significant new deals and more are probably on the way.

The firm reported June quarter FFO (adjusted) of $0.36 per share, $0.01 above analyst forecasts but down $0.02 vs. year-ago. Revenues were up 17% to $257.9 million. Analysts are forecasting 14% revenue growth, 7% EPS growth, and 12% dividend growth over the next 12-months.

In our ETF Growth Opportunities portfolio we are adding Credit Suisse Gold Shares Covered Call ETN (GLDI) that generates income by selling covered calls on a gold ETF.

GLDI pays monthly dividends currently equating to a 12.4% yield. Counting dividends and capital appreciation, the fund has returned 26% over the past 12-months and averaged 12% annually over the past three years.

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