5 Best Dividend Stocks Wall Street Calls Strong Buys

5 Best Dividend Stocks Wall Street Calls Strong Buys

5 Best Dividend Stocks Wall Street Calls Strong Buys

Volatility is back, and at the very least, it’s keeping investors on their toes- as they suddenly go looking for safe havens and stability. Dividend stocks are usually a good place to start.

But, the challenge doesn’t stop with finding companies that “just pay dividends” – it also involves looking for those that can continue to pay through the bouts of volatility.

That’s why, in this article, I went looking for companies featuring attributes such as strong stability and growth potential, all while providing dependable income today and tomorrow.

Among them, a few stand out for their stellar execution, growth, and record of rewarding shareholders, making them the kind of dividend stocks investors can genuinely rely on.

I used Barchart’s Stock Screener to find the highest-yielding companies on my watchlist.

  • Dividend Investing Ideas: Best Dividend Stocks- pretty straightforward.

  • Number of Analysts: 16 or more. I am looking for stocks that are known on Wall Street’s radar. The more analysts covering the stock, the higher the confidence in the sentiment.

  • Current Analyst Rating: 4.5 or higher. These are stocks that analysts call a “Strong Buy.” Only the best of the best will do today.

  • Annual Dividend Yield (FWD), %: Left blank. I will use this to sort the stocks from highest to lowest.

I got exactly five results after running the filters and will cover them based on their dividend yields, from highest to lowest.

Let’s go over the highest yeilding dividend stock on the list:

Energy Transfer LP operates diversely in various parts of the energy supply chain, including the transportation, storage, and marketing of energy and related products, including natural gas and natural gas liquids. It was founded in 1996 and now owns over 125,000 miles of pipelines.

Recently, Entergy Louisiana and Energy Transfer LP signed a 20-year agreement that grants the company the right to deliver reliable natural gas to power facilities in North Louisiana, including Meta’s upcoming data center in Richland Parish.

The company pays a forward annual dividend of $1.32, translating to a yield of approximately 8%, the highest among this list.

A consensus among 17 analysts rates the stock a “Strong Buy”, a rating consistent over the past three months, with a 48% potential upside based on its $25 high target price.

Another gas company in this list is Permian Resources Corp, which is developing reserves in the Permian Basin. The company was formed in 2022 after the merger of Centennial Resource Development and Colgate Energy. Today, it generates wide margins through the acquisition and development of oil- and liquid-rich natural gas assets.

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