Crossamerica Partners LP

Zacks Investment Research named CrossAmerica Partners LP, Alliance Resource Partners LP, and JPMorgan Chase & Co. as top income stocks for August 10, each carrying a Zacks Rank #1 and strong dividend characteristics. CrossAmerica Partners LP, a fuel distribution and convenience store company, saw its current-year consensus earnings estimate rise 25.5% over the last 60 days and offers a 9.8% dividend yield versus an industry average of 5.7%. Alliance Resource Partners LP, a diversified natural resource company, posted a 7.9% increase in its current-year earnings estimate and a 9.8% yield compared with an industry average of 1.4%. JPMorgan Chase & Co., a bank and financial holding company, recorded an 11.7% upward revision in its current-year earnings estimate and a 1.7% yield against an industry average of 1.1%.

CrossAmerica Partners declared a quarterly dividend of $0.525 per share, in line with the previous payout. The forward yield is 9.43%. The dividend is payable on August 13 to shareholders of record as of August 3, with the ex-dividend date also on August 3.