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As companies increase their earnings, many are expected to use that extra cash to reinstate or increase their dividend payouts. Investing in dividend stocks is a great way for investors to generate income. Still, an even better strategy is to invest in dividend stocks with high upside potential.
I find that stocks trading below the average of their analyst price targets offer a great chance for price gains in the months ahead. So, I ran a screen for dividend stocks trading at least 13% below their average target price and rated a Buy or Strong Buy in our POWR Ratings system. EOG Resources, Inc. (EOG), America Movil (AMX), and Toyota Motor Corporation (TM) are three top dividend stocks that fit the bill, which is why I am highlighting them below.
