Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks With Over 3% Dividend Yields

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 materials sector.

Dow Inc DOW

• Dividend Yield: 4.91%
• Deutsche Bank analyst David Begleiter maintained a Hold rating and raised the price target from $48 to $60 on Jan. 27, 2023. This analyst has an accuracy rate of 78%.
• Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating and cut the price target from $60 to $54 on Oct. 12, 2022. This analyst has an accuracy rate of 77%.
• Recent News: Dow reported Q4 FY22 adjusted EPS of $0.46, missing the Street estimates of $0.58.

Eastman Chemical Co EMN

• Dividend Yield: 3.72%
• Citigroup analyst PJ Juvekar maintained a Neutral rating and raised the price target from $75 to $90 on Dec. 15, 2022. This analyst has an accuracy rate of 72%.
• Deutsche Bank analyst David Begleiter downgraded the stock from Buy to Hold and increased the price target from $90 to $96 on Jan. 17, 2023. This analyst has an accuracy rate of 78%.
• Recent News: Eastman Chemical company reported worse-than-expected Q4 EPS and sales results.

Packaging Corp Of America PKG

• Dividend Yield: 3.65%
• B of A Securities analyst George Staphos downgraded the stock from Buy to Neutral and cut the price target from $146 to $139 on Dec. 15, 2022. This analyst has an accuracy rate of 67%.
• Wells Fargo analyst Gabe Hajde maintained an Equal-Weight rating and raised the price target from $124 to $125 on Jan. 9, 2023. This analyst has an accuracy rate of 56%.
• Recent News: Packaging Corporation of America reported better-than-expected Q4 adjusted EPS results.

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