Best Income Stocks to Buy for October 16th

Core Viewpoint - The article highlights three stocks with strong income characteristics and a buy rank for investors to consider as of October 16th Group 1: Two Harbors Investment Corp. (TWO) - This real estate mortgage company has seen a significant increase in the Zacks Consensus Estimate for its current year earnings, rising by 318.2% over the last 60 days [1] - The company holds a Zacks Rank 1 and offers a dividend yield of 14%, which is higher than the industry average of 10.6% [1] Group 2: Clipper Realty Inc. (CLPR) - This real estate company has experienced a 43.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Clipper Realty Inc. also has a Zacks Rank 1 and provides a dividend yield of 5.7%, surpassing the industry average of 4.3% [2] Group 3: First Community Corporation (FCCO) - This bank holding company for First Community Bank has seen a modest increase of 1.2% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company has a Zacks Rank 1 and offers a dividend yield of 2.8%, which is slightly above the industry average of 2.5% [3]