**Top Dividend Stocks Recommended by Wall Street Analysts**
In times of market volatility, dividend-paying stocks can provide stability and income for investors. Finding the right dividend stocks can be challenging, but with the expertise of Wall Street analysts, investors can identify companies with the potential for long-term growth and consistent cash flows to support dividends.
At Extreme Investor Network, we bring you three attractive dividend stock picks from TipRanks, a platform that ranks analysts based on their past performance.
**OneMain Holdings (OMF):**
Our first dividend pick is OneMain Holdings, a financial services company focused on non-prime customers. OMF stock offers an attractive dividend yield of 8.1% and has a history of share repurchases to enhance shareholder returns.
Analyst Kenneth Lee from RBC Capital recently raised the price target for OMF stock to $55, reflecting a positive macro outlook. Lee praised the company’s reliable business model and capital generation ability, noting that OMF’s high return on tangible common equity and growth in finance receivables make it a promising investment opportunity.
**Walmart (WMT):**
Moving on to retail giant Walmart, which recently announced a 9% increase in its annual dividend, marking the company’s 51st consecutive year of dividend raises. Walmart pays a dividend yield of 1.4%.
Jefferies analyst Corey Tarlowe reiterated a buy rating on WMT stock following a meeting with Walmart’s management. Tarlowe highlighted the company’s improved customer experience, enhanced e-commerce strategies, and strong international growth prospects as key drivers for future success.
**SLB:**
Our third dividend pick is oilfield services company SLB, which increased its quarterly cash dividend by 10% earlier this year. SLB stock offers a dividend yield of 2% and is considered a leading energy services provider by Goldman Sachs analyst Neil Mehta.
Mehta added SLB to the U.S. Conviction List with a price target of $62, emphasizing the company’s strong free cash flow and digital expansion opportunities. Mehta believes that SLB’s unique position in the industry and focus on capital returns make it an attractive investment choice.
By following the recommendations of top Wall Street analysts on TipRanks, investors can identify dividend stocks with growth potential and solid cash flows to navigate through market uncertainties. Stay informed and make informed investment decisions with Extreme Investor Network.
