Investing in stocks can be uncertain, especially when market volatility kicks in. However, one way to smooth out the ride is by investing in dividend-paying stocks. These stocks not only provide consistent income through dividends but also have the potential for share price appreciation over the long term.
At Extreme Investor Network, we understand the importance of choosing the right dividend stocks for your portfolio. That’s why we look to top Wall Street analysts for their recommendations on high-quality dividend-paying stocks. Here are three dividend stocks highlighted by these experts on TipRanks, a platform that ranks analysts based on their past performance.
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MPLX LP
Starting off with MPLX LP, a midstream energy player that offers an attractive yield of nearly 8%. RBC Capital analyst Elvira Scotto recently reiterated a buy rating on MPLX stock with a price target of $47. Scotto views MPLX as one of the most attractive income plays among large-cap MLPs, thanks to its robust yield and rising free cash flow generation. She also highlighted MPLX’s expansion in natural gas and natural gas liquids assets, which are expected to contribute to its growth and shareholder returns. -
Chord Energy
Next up is Chord Energy, an independent oil and gas company operating in the Williston Basin. RBC Capital analyst Scott Hanold reaffirmed a buy rating on CHRD stock with a price target of $200. Hanold expects free cash flow to increase in the second half of 2024 due to the combination of assets from Chord Energy and Enerplus, which the company acquired earlier this year. He remains optimistic about the company’s potential to exceed synergy targets and increase shareholder returns through dividends and buybacks. - McDonald’s
Lastly, we have McDonald’s, a dividend aristocrat that has raised its dividends for 47 consecutive years. Tigress Financial analyst Ivan Feinseth reiterated a buy rating on MCD stock and raised his price target to $360. Feinseth is bullish on McDonald’s due to its focus on technology initiatives, innovation, and value offerings. He expects McDonald’s to announce a dividend hike in October, similar to the 10% rise announced last year.
At Extreme Investor Network, we believe in the power of dividend-paying stocks to enhance total portfolio returns. By following the recommendations of top Wall Street analysts, investors can choose stocks with strong fundamentals and the potential for long-term growth. Stay tuned to our platform for more insights and expert advice on investing in dividend stocks.