Benzinga - 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 communication services sector.
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI)
- Dividend Yield: 5.83%
- Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $30 on Feb. 21, 2023. This analyst has an accuracy rate of 76%.
- JP Morgan analyst David Karnovsky downgraded the stock from Neutral to Underweight and cut the price target from $25 to $16 on Dec. 8, 2022. This analyst has an accuracy rate of 66%.
- Recent News: Sinclair Broadcast reported a fourth-quarter FY22 revenue decline of 35% year-on-year to $960 million, missing the consensus of $981.98 million..
- Dividend Yield: 4.30%
- Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $31 on Feb. 15, 2023. This analyst has an accuracy rate of 76%.
- Morgan Stanley analyst Benjamin Swinburne maintained an Underweight rating and cut the price target from $15 to $14 on Dec. 19, 2022. This analyst has an accuracy rate of 73%.
- Recent News: Paramount Global agreed to pay $122.5 million in a lawsuit settlement claiming that the CBS-Viacom merger was unfair to shareholders.
- Dividend Yield: 3.33%
- Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target from $35 to $40 on Feb. 6, 2023. This analyst has an accuracy rate of 73%.
- JP Morgan analyst David Karnovsky maintained an Overweight rating on Jan. 23, 2023 and raised the price target from $38 to $39. This analyst has an accuracy rate of 66%.
- Recent News: IPG board approved a 7% quarterly dividend increase to $0.31 per share. The company’s also approved additional buyback of up to $350 million.
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