Investing in dividend stocks is a smart move for investors looking to protect their portfolios from market volatility. These stocks not only offer a steady stream of income but also have the potential for long-term growth. At Extreme Investor Network, we understand the importance of choosing the right dividend stocks to maximize returns. That’s why we’ve highlighted three top dividend-paying stocks recommended by Wall Street’s top analysts on TipRanks, a platform known for ranking analysts based on their past performance.
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Enterprise Products Partners (EPD):
- EPD is a midstream energy services provider that recently announced a distribution of $0.525 per unit for the third quarter of 2024, reflecting a 5% year-over-year increase. With a high yield of 6.9% and a strong track record of enhancing shareholder returns through share repurchases, EPD is a solid pick for dividend investors.
- RBC Capital analyst Elvira Scotto reiterated a buy rating on EPD with a price target of $36 following the company’s Q3 results. Scotto pointed out EPD’s robust backlog of organic growth projects and the recent acquisition of Pinon Midstream as factors that will fuel the company’s growth.
- Scotto ranks No. 20 among over 9,100 analysts tracked by TipRanks, with a profitable track record and an average return of 21.6%.
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International Business Machines (IBM):
- IBM, a tech giant, reported mixed results for the third quarter but offers a dividend yield of 3.1%. Evercore analyst Amit Daryanani reaffirmed a buy rating on IBM with a price target of $240, emphasizing the company’s positioning in enterprise artificial intelligence and its growth potential in the Software and Consulting businesses.
- Daryanani ranks No. 316 among over 9,100 analysts tracked by TipRanks, with a successful track record and an average return of 12.3%.
- Ares Capital (ARCC):
- ARCC, a specialty finance company, recently announced a dividend of 48 cents per share for the fourth quarter, with a dividend yield of 8.9%. RBC Capital analyst Kenneth Lee reaffirmed a buy rating on ARCC, citing the company’s strong track record of managing risks and solid credit performance.
- Lee ranks No. 34 among over 9,100 analysts tracked by TipRanks, with a profitable track record and an average return of 17.2%.
At Extreme Investor Network, we believe in providing our readers with valuable insights into the world of investing. Stay informed and make informed decisions by following our expert analysis and recommendations on top dividend-paying stocks. Start building a resilient portfolio today with the help of Extreme Investor Network.