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 consumer discretionary sector.
Leggett & Platt, Incorporated LEG
- Dividend Yield: 7.75%
- Truist Securities analyst Keith Hughes maintained a Hold rating and cut the price target from $26 to $24 on Nov. 1, 2023. This analyst has an accuracy rate of 80%.
- Piper Sandler analyst Peter Keith maintained an Underweight rating and lowered the price target from $21 to $18 on Nov. 1, 2023. This analyst has an accuracy rate of 71%.
- Recent News: Leggett & Platt announced a restructuring plan, which includes a workforce reduction, and withdrew its long-term financial targets.
Cracker Barrel Old Country Store, Inc. CBRL
- Dividend Yield: 6.89%
- Piper Sandler analyst Brian Mullan maintained a Neutral rating and cut the price target from $96 to $75 on Dec. 4, 2023. This analyst has an accuracy rate of 84%.
- UBS analyst Dennis Geiger maintained a Neutral rating and slashed the price target from $75 to $70 on Dec. 1, 2023. This analyst has an accuracy rate of 71%.
- Recent News: Cracker Barrel Old Country Store, during November, reported worse-than-expected first-quarter financial results.
Whirlpool Corporation WHR
- Dividend Yield: 6.27%
- JP Morgan analyst Michael Rehaut maintained a Neutral rating and raised the price target from $104 to $120 on Dec. 14, 2023. This analyst has an accuracy rate of 71%.
- RBC Capital analyst Mike Dahl maintained an Underperform rating on the stock and lowered the price target from $121 to $92 on Oct. 27, 2023. This analyst has an accuracy rate of 69%.
- Recent News: During November, Whirlpool revealed its intention to enter into one or more transactions to sell up to 24% of its ownership interest in Whirlpool of India Limited (Whirlpool India) in 2024.
Read More: Netflix, Tesla And 3 Stocks To Watch Heading Into Wednesday
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