Benzinga - by Avi Kapoor, Benzinga Staff Writer.
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 information technology sector.
ADTRAN Holdings, Inc. (NASDAQ: ADTN)
- Dividend Yield: 5.75%
- Rosenblatt analyst Mike Genovese maintained a Neutral rating and boosted the price target from $7 to $8 on Dec. 15, 2023. This analyst has an accuracy rate of 67%.
- Argus Research analyst Jim Kelleher downgraded the stock from Buy to Hold on Nov. 20, 2023. This analyst has an accuracy rate of 77%.
- Recent News: ADTRAN Holdings said it will release its financial results for the fourth quarter after the closing bell on Feb. 26, 2024.
- Dividend Yield: 4.54%
- JP Morgan analyst Sandeep Deshpande downgraded the stock from Overweight to Neutral on Nov. 30, 2023. This analyst has an accuracy rate of 76%.
- Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.
- Recent News: Ericsson inked two agreements for funding with the European Investment Bank (EIB) for a total of EUR 420 million.
- Dividend Yield: 3.83%
- Deutsche Bank analyst Sidney Ho maintained a Hold rating and cut the price target from $32 to $30 on Aug. 30, 2023. This analyst has an accuracy rate of 84%.
- UBS analyst David Vogt maintained a Neutral rating on the stock and raised the price target from $30 to $31 on May 31, 2023. This analyst has an accuracy rate of 76%.
- Recent News: HP, during November, said fourth-quarter net revenue fell 6.5% Y/Y to $13.817 billion, beating the consensus of $13.807 billion.
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