Benzinga - by Lisa Levin, Benzinga Editor.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
Star Bulk Carriers Corp. (NASDAQ: SBLK)
- Dividend Yield: 13.55%
- Stifel analyst Benjamin Nolan maintained a Buy rating and cut the price target from $30 to $25 on Oct. 19, 2023. This analyst has an accuracy rate of 68%
- Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $22 on Aug. 4, 2023. This analyst has an accuracy rate of 67%.
- Recent News: The company entered into a Repurchase Agreement with OCM XL Holdings, LP (Oaktree Shareholders), through which Star Bulk agreed to purchase 10 million of its shares from the seller at $18.50 per share.
- Dividend Yield: 6.71%
- JP Morgan analyst Stephen Tusa maintained a Neutral rating and raised the price target from $104 to $105 on Oct. 25, 2023. This analyst has an accuracy rate of 71%.
- Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and increased the price target from $95 to $97 on Oct. 25, 2023. This analyst has an accuracy rate of 80%.
- Recent News: 3M reported better-than-expected third-quarter financial results and raised FY23 earnings guidance.
- Dividend Yield: 6.06%
- Barrington Research analyst Kevin Steinke reiterated an Outperform rating with a price target of $8 on Aug. 21, 2023. This analyst has an accuracy rate of 70%.
- BWS Financial analyst Hamed Khorsand downgraded the stock from Buy to Neutral and cut the price target from $9 to $6 on Feb. 14, 2023. This analyst has an accuracy rate of 63%.
- Recent News: ACCO Brands Corporation said it will release its third quarter 2023 earnings on Nov. 2, 2023.
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