AI Generated Image
Top Wall Street analysts like these 3 dividend stocks for solid returns
CNBC • • business
Key Points:
- The Federal Reserve's potential rate hike this year highlights the appeal of dividend-paying stocks with strong yields and growth potential for income-seeking investors.
- Kinetik Holdings, a midstream company in the Delaware Basin, offers a 7% dividend yield, with RBC Capital's Elvira Scotto maintaining a buy rating and raising the price target due to growth prospects from projects in New Mexico and a strong capital return framework.
- Oilfield services firm SLB, with a 2.5% dividend yield, received a buy rating from Goldman Sachs' Neil Mehta, who expects the company to benefit from increased global oilfield activity and portfolio diversification, particularly in its Digital business.
- IBM, focusing on quantum computing and AI, offers a 2.7% dividend yield; Bank of America's Wamsi Mohan reiterated a buy rating and raised the price target, citing strong AI-driven demand across IBM's infrastructure and storage businesses.
