When it comes to investing, dividend-paying stocks can be a great addition to any portfolio. These stocks not only provide a source of passive income but can also help boost overall returns. However, not all dividend stocks are created equal. Investors need to look for companies with a track record of consistent dividend payments and strong financials to ensure the sustainability of those payouts.
At Extreme Investor Network, we understand the importance of finding quality dividend stocks that can help you achieve your financial goals. That’s why we’ve compiled a list of three attractive dividend stocks recommended by Wall Street’s top analysts on TipRanks, a leading platform for analyst rankings based on their past performance.
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Darden Restaurants (DRI)
One of the top dividend stocks recommended by analysts is Darden Restaurants, the company behind popular dining brands like Olive Garden and LongHorn Steakhouse. Despite facing some challenges in the fourth quarter of fiscal 2024, Darden continued to maintain its dividend payments. The company recently announced a dividend hike of nearly 7%, bringing its dividend yield to 3.5%. Analysts are optimistic about Darden’s outlook, with BTIG analyst Peter Saleh reiterating a buy rating and a price target of $175 for the stock. Saleh believes that Darden’s strong performance and strategic initiatives position it well for future growth. -
International Seaways (INSW)
Another compelling dividend stock to consider is International Seaways, a tanker company that offers energy transportation services. With a dividend yield of more than 13%, International Seaways has been a consistent payer of dividends. Analysts are bullish on the stock, with Stifel analyst Benjamin Nolan reaffirming a buy rating and increasing the price target to $68. Nolan expects International Seaways to continue delivering strong cash flows, supported by a favorable market environment for tanker companies. - Citigroup (C)
Lastly, banking giant Citigroup is another dividend stock worth considering. With a dividend yield of 3.3%, Citigroup has been focused on its strategic transformation efforts to drive growth and enhance shareholder value. Analysts like Goldman Sachs’ Richard Ramsden are optimistic about Citigroup’s prospects, with Ramsden reiterating a buy rating and raising the price target to $72. Ramsden believes that Citigroup’s transformation plan is gaining momentum, and the bank is well-positioned to capitalize on market opportunities.
At Extreme Investor Network, we strive to provide our readers with valuable insights and recommendations to help them make informed investment decisions. By focusing on quality dividend stocks like Darden Restaurants, International Seaways, and Citigroup, investors can build a strong and resilient portfolio that generates passive income and delivers attractive returns over the long term. Be sure to stay updated with the latest investment trends and opportunities by visiting our website regularly.