During times of market turbulence and uncertainty, many investors seek out dividend-yielding stocks as a way to potentially generate steady income. These stocks are often associated with companies that have high free cash flows and are able to reward their shareholders with attractive dividend payouts.
For Benzinga readers looking to stay updated on the latest analyst takes on their favorite stocks, they can visit the Analyst Stock Ratings page on the Benzinga website. This resource allows traders to sort through Benzinga’s extensive database of analyst ratings, including ratings by analyst accuracy. By doing so, investors can gain valuable insights into which high-yield dividend stocks are being recommended by the most accurate Wall Street analysts.
Let’s take a closer look at the recent high-yield dividend stock ratings from the most accurate analysts in the financial sector.
CNA Financial Corporation (NYSE: CNA) is a company that currently offers a dividend yield of 3.78%. Keefe, Bruyette & Woods analyst Meyer Shields downgraded CNA Financial from Outperform to Market Perform on July 11, 2023. Shields has an accuracy rate of 74%. B of A Securities analyst Joshua Shanker, on the other hand, upgraded CNA Financial from Underperform to Neutral and raised the price target from $40 to $41 on May 3, 2023. Shanker has an accuracy rate of 78%. It is worth noting that CNA Financial is expected to report its fourth quarter 2023 results on February 5, 2024.
Morgan Stanley (NASDAQ: MS) is another high-yield dividend stock, currently offering a dividend yield of 3.88%. Oppenheimer analyst Chris Kotowski maintained an Outperform rating on Morgan Stanley but cut the price target from $107 to $106 on January 17, 2024. Kotowski has an accuracy rate of 80%. BMO Capital analyst James Fotheringham also maintained an Outperform rating and increased the price target from $106 to $107 on the same day. Fotheringham has an accuracy rate of 73%. It is worth noting that Morgan Stanley recently reported a decline in its fourth-quarter net profit.
Fidelity National Financial, Inc. (NYSE: FNF) is a high-yield dividend stock with a dividend yield of 3.84%. Keefe, Bruyette & Woods analyst George Bose maintained a Market Perform rating on Fidelity National Financial and raised the price target from $46 to $51 on December 13, 2023. Bose has an accuracy rate of 70%. Stephens & Co. analyst John Campbell reiterated an Overweight rating on the stock with a price target of $51 on November 14, 2023. Campbell has an accuracy rate of 76%. Notably, Fidelity National Financial recently announced a $250 million investment in its majority-owned subsidiary, F&G.
In conclusion, during times of market turbulence, dividend-yielding stocks can provide investors with a sense of stability and potential income. By staying informed about the latest analyst ratings and recommendations, investors can make more informed decisions about which high-yield dividend stocks may be worth considering for their portfolios.
