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.
The Scotts Miracle-Gro Company SMG
- Dividend Yield: 5.87%
- Barclays analyst Gaurav Jain maintained an Equal-Weight rating and cut the price target from $70 to $60 on Sept. 5, 2023. This analyst has an accuracy rate of 65%
- 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 69%.
- Recent News: Scotts Miracle-Gro disclosed a reorganization of its executive team following the planned retirements of President Mike Lukemire and Executive Vice President, Global Human Resources and Chief Ethics Officer Denise Stump.
The Chemours Company CC
- Dividend Yield: 4.24%
- BMO Capital analyst John McNulty maintained an Outperform rating and cut the price target from $64 to $53 on Aug. 2, 2023. This analyst has an accuracy rate of 62%.
- Morgan Stanley analyst Vincent Andrews reiterated an Equal-Weight rating with a price target of $33 on Aug. 1, 2023. This analyst has an accuracy rate of 77%.
- Recent News: Chemours posted weaker-than-expected results for the third quarter.
Kaiser Aluminum Corporation KALU
- Dividend Yield: 5.67%
- Credit Suisse analyst Curt Woodworth reiterated a Neutral rating with a price target of $72 on July 27, 2023. This analyst has an accuracy rate of 70%.
- Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $84 on June 15, 2023. This analyst has an accuracy rate of 67%.
- Recent News: Kaiser Aluminum reported downbeat sales for the third quarter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.