At Extreme Investor Network, we understand that in times of macro uncertainty, investors are looking for ways to generate income and protect their portfolios from volatility. One strategy that many investors turn to is adding dividend-paying stocks to their portfolios. These stocks can provide a steady stream of income and offer a level of stability in uncertain times.
For those looking to add dividend stocks to their portfolios, following the recommendations of Wall Street experts can be a valuable strategy. These analysts have the expertise to identify the best dividend-paying stocks from a large universe of companies. Here are three attractive dividend stocks, according to Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance.
Chord Energy
First up is Chord Energy (CHRD), an oil and gas operator in the Williston Basin. Earlier this year, Chord declared a base-plus-variable cash dividend of $3.25 per share. Siebert Williams Shank analyst Gabriele Sorbara initiated coverage of Chord Energy stock with a buy rating and a price target of $262, citing its attractive valuation and capital returns. The company aims to return more than 75% of free cash flow to shareholders through dividends and buybacks, with estimated capital returns of $778.8 million and $1.15 billion in 2024 and 2025, respectively. Sorbara ranks No. 391 among 8,800 analysts tracked by TipRanks, with profitable ratings delivering an average return of 12.4%. (See Chord Energy Stock Buybacks on TipRanks)
Energy Transfer
Next on the list is Energy Transfer (ET), a master limited partnership operating over 125,000 miles of pipeline and related infrastructure. The company recently increased its quarterly cash distribution and offers a dividend yield of about 8% on an annualized basis. Mizuho analyst Gabriel Moreen raised the price target for ET to $19 from $18 and reiterated a buy rating, calling it the new midstream top pick. Moreen ranks No. 183 among 8,800 analysts tracked by TipRanks, with successful ratings delivering an average return of 10.3%. (See Energy Transfer Technical Analysis on TipRanks)
Coca-Cola
Lastly, we have Coca-Cola (KO), a dividend king that increased its quarterly dividend earlier this year. The beverage giant offers a dividend yield of 3.1% and has hiked its dividend for 62 consecutive years. RBC Capital analyst Nik Modi reiterated a buy rating on KO stock with a price target of $65, noting the company’s strong performance and robust fundamentals. Modi ranks No. 620 among 8,800 analysts tracked by TipRanks, with profitable ratings delivering an average return of 6.5%. (See Coca-Cola Hedge Fund Activity on TipRanks)
At Extreme Investor Network, we know the importance of diversifying your portfolio with quality dividend-paying stocks. By following the recommendations of Wall Street experts, investors can identify attractive opportunities to generate income and strengthen their portfolios. Stay tuned for more expert advice and insights on investing in dividend stocks.
