3 High-Yield Dividend Stocks With Up to 132% Upside, According to Wall Street

If history is used as a guide, one of the smartest ways to make money on Wall Street is to buy dividend stocks.

Back in 2013, J.P. Morgan Asset Management, a division of banking giant JPMorgan Chase, released a report that examined the average annual return of dividend stocks to non-dividend payers over a four-decade period (1972-2012). The comparison showed that income stocks ran laps around the non-dividend stocks, with an annual average return of 9.5% versus 1.6% over 40 years.

But not all dividend stocks are created equally. Following an aggressive sell-off in equities since the beginning of the year, select Wall Street analysts believe the following three high-yield dividend stocks are poised for big upside. Based on analysts' lofty price targets, these passive income powerhouses offer upside ranging from 66% to 132% over the next 12 months.

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Source Fool.com