Check Out 3 Materials Stocks With Over 4% Dividend Yields From Wall Street's Most Accurate Analysts

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.

International Paper Company IP

  • Dividend Yield: 5.22%
  • Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $30 to $38 on July 31, 2023. This analyst has an accuracy rate of 78%.
  • B of A Securities analyst George Staphos downgraded the stock from Neutral to Underperform and cut the price target from $35 to $33 on July 10, 2023. This analyst has an accuracy rate of 67%.
  • Recent News: International Paper second-quarter FY23 sales decreased 13.1% year-on-year to $4.68 billion, missing the consensus of $4.90 billion.

The Scotts Miracle-Gro Company SMG

  • Dividend Yield: 5.09%
  • Raymond James analyst Joseph Altobello maintained a Strong Buy rating and cut the price target from $86 to $70 on Aug. 3, 2023. This analyst has an accuracy rate of 72%.
  • JP Morgan analyst Jeffrey Zekauskas upgraded the stock from Neutral to Overweight with a price target of $80 on May 8, 2023. This analyst has an accuracy rate of 71%.
  • Recent News: Scotts Miracle-Gro reported worse-than-expected third-quarter financial results.

SunCoke Energy, Inc. SXC

  • Dividend Yield: 4.35%
  • B. Riley Securities analyst Lucas Pipes downgraded the stock from Buy to Neutral and cut the price target from $12 to $11 on Aug. 3, 2023. This analyst has an accuracy rate of 64%.
  • Benchmark analyst Nathan Martin maintained a Buy rating and raised the price target from $10 to $11 on Aug. 2, 2023. This analyst has an accuracy rate of 67%.
  • Recent News: SunCoke Energy reported better-than-expected second-quarter financial results.

 

Read More: Home Depot, Agilent Technologies And 3 Stocks To Watch Heading Into Tuesday

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