“Amid Bond Yields Surge, Wall Street Tips its Hat to 5 Dividend Stars
As investors navigate the choppy waters of surging bond yields and a rollercoaster stock market, dividend-paying stocks are emerging as particularly appealing. Wall Street’s seasoned analysts on TipRanks, a platform ranking experts based on their track record, have highlighted five noteworthy dividend stocks for consideration.
1. Exxon Mobil (XOM): Leading the pack is energy behemoth Exxon Mobil, a dividend aristocrat boasting a 3.4% yield. Last year’s 3.4% dividend increase marked the 40th consecutive year of annual growth. Backed by robust earnings and cash flows, Exxon distributed $8 billion to shareholders in Q2 through share repurchases and dividends, generating $5 billion in free cash flow. Mizuho analyst Nitin Kumar, ranking 67th among over 8,500 analysts, reiterated a buy rating with a $139 price target. Kumar sees Exxon on track to achieve its goal of elevating product solutions earnings by $10 billion by 2027.
2. Coterra Energy (CTRA): Kumar is also bullish on Coterra Energy, an oil and gas exploration company with significant operations in key areas like the Permian Basin. Earlier this year, the company boosted its annual base dividend by an impressive 33% to 80 cents per share.
These picks come as a beacon of stability for investors seeking reliable returns amidst market turbulence. Keep an eye on these dividend stars as they navigate the financial landscape.”
