Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 20th:Gerdau GGB: This largest long steel producer in Latin America has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.6% over the last 90 days.Gerdau S.A. Price and Consensus Gerdau S.A. price-consensus-chart | Gerdau S.A. QuoteThis Zacks Rank #1 (Strong Buy) company has a dividend yield of 19.41%, compared with the industry average of 0.52%.Gerdau S.A. Dividend Yield (TTM) Gerdau S.A. dividend-yield-ttm | Gerdau S.A. QuoteMoelis & Company MC: This global investment bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.4% over the last 90 days.Moelis & Company Price and Consensus Moelis & Company price-consensus-chart | Moelis & Company QuoteThis Zacks Rank #1 company has a dividend yield of 4.35%, compared with the industry average of 0.46%.Moelis & Company Dividend Yield (TTM) Moelis & Company dividend-yield-ttm | Moelis & Company QuoteMercantile Bank MBWM: This company that serves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.Mercantile Bank Corporation Price and Consensus Mercantile Bank Corporation price-consensus-chart | Mercantile Bank Corporation QuoteThis Zacks Rank #1 company has a dividend yield of 3.11%, compared with the industry average of 2.43%.Mercantile Bank Corporation Dividend Yield (TTM) Mercantile Bank Corporation dividend-yield-ttm | Mercantile Bank Corporation QuoteSee the full list of top ranked stocks here.Find more top income stocks with some of our great premium screens Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gerdau S.A. (GGB): Free Stock Analysis Report Moelis & Company (MC): Free Stock Analysis Report Mercantile Bank Corporation (MBWM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research