Best Income Stock to Buy for June 6th

Here is the stock with buy rank and strong income characteristics for investors to consider today, June 6th:

Ferguson plc FERG: This company which is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.7% over the last 60 days.

Ferguson plc Price and Consensus

Ferguson plc price-consensus-chart | Ferguson plc Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 1.6%, compared with the industry average of 0.0%.

Ferguson plc Dividend Yield (TTM)

Ferguson plc dividend-yield-ttm | Ferguson plc Quote

See the full list of top ranked stocks here.

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Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

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

Zacks Investment Research