Benzinga - by Avi Kapoor, Benzinga Staff Writer.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
3M Company (NYSE: MMM)
- Dividend Yield: 5.85%
- Barclays analyst Julian Mitchell upgraded the stock from Underweight to Equal-Weight and raised the price target from $98 to $107 on Dec. 4, 2023. This analyst has an accuracy rate of 76%.
- RBC Capital analyst Deane Dray maintained an Underperform rating and cut the price target from $85 to $83 on Oct. 25, 2023. This analyst has an accuracy rate of 71%.
- Recent News: 3M, during October, reported better-than-expected third-quarter financial results and raised FY23 earnings guidance.
- Dividend Yield: 4.93%
- Citigroup analyst Christian Wetherbee maintained a Buy rating and cut the price target from $13 to $11 on Oct. 24, 2023. This analyst has an accuracy rate of 74%.
- Jefferies analyst Omar Nokta downgraded the stock from Buy to Hold and cut the price target from $15 to $10 on April 24, 2023. This analyst has an accuracy rate of 72%.
- Recent News: Costamare, last month, reported a third-quarter FY23 Voyage revenue growth of 37.2% year-over-year to $397.34 million, beating the consensus of $310.53 million.
- Dividend Yield: 7.74%
- Jefferies analyst Omar Nokta maintained a Buy rating and raised the price target from $22 to $24 on Nov. 30, 2023. This analyst has an accuracy rate of 72%.
- Stifel analyst Benjamin Nolan maintained a Buy rating and lowered the price target from $30 to $25 on Oct. 19, 2023. This analyst has an accuracy rate of 70%.
- Recent News: Star Bulk and Eagle Bulk Shipping announced plans to combine.
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