If you’re a retiree or on the verge of retirement, it’s critical to think about the best ways to build and preserve your personal wealth.
One of the most lucrative ways to provide yourself with a steady income is to own income stocks.
These are stocks that can generate large annual dividends and have significant potential for share appreciation.
But in a sea of thousands of dividend stocks, it can be difficult to identify the best income stocks for 2018 and beyond.
That’s why we use our secret income weapon – the Money Morning Stock VQScore™ system.
Today, we’re looking at three income stocks with double-digit yields, including one with triple-digit growth potential…
Income Stock to Own, No. 3: Mobile TeleSystems
Right now, investors are trying to ride out whatever growth is left in the U.S. mobile telecommunications market.
Instead, they should be looking to emerging markets, where one of the top dividend-paying stocks exists.
Mobile TeleSystems (NYSE: MBT) owns 31% of the Russian telecom market and has incredible cash flow. The company’s operating cash flow to revenue was a stunning 32.65% last year.
And things are only getting better.
The company recently announced a large stock buyback program that will fuel additional share price gains on top of its mouthwatering dividend of 14.58%.
Yahoo Finance pegs the company’s one-year price target at $11.20 per share. That figure represents 36.4% upside from Friday’s closing price.
And the VQScore System rates the company’s stock as a perfect 4, indicating that it’s a buy right now.
Keith makes an appearance on Yahoo! Finance’s Midday Mover segment and tackles Cannabis stocks, which have been on a tear recently. Here’s why he thinks most will “go up in smoke,” plus a far better, far more profitable way to play ’em. Keith also respond bluntly to why Amazon.com Inc. (NasdaqGS:AMZN)’s cashless store plans could signal the end of traditional retailing stocks and low wage jobs at the same time. Find out why he thinks those wanting higher wages “better be careful what they wish for.” Click here to watch…