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.
Sonoco Products Company SON
- Dividend Yield: 3.55%
- Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $70 to $68 on July 11, 2023. This analyst has an accuracy rate of 81%.
- Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy with a price target of $65 on March 20, 2023. This analyst has an accuracy rate of 79%.
- Recent News: Sonoco announced plans to sell its protective solutions packaging business to Black Diamond Capital Management for an estimated $80 million in cash..
Eastman Chemical Company EMN
- Dividend Yield: 3.82%
- Keybanc analyst Aleksey Yefremov maintained an Overweight rating and raised the price target from $95 to $101 on Jan. 9, 2024. This analyst has an accuracy rate of 69%.
- Citigroup analyst Patrick Cunningham maintained a Buy rating and cut the price target from $99 to $86 on Oct. 4, 2023. This analyst has an accuracy rate of 60%.
- Recent News: Eastman Chemical posted better-than-expected fourth-quarter earnings.
Tronox Holdings plc TROX
- Dividend Yield: 3.52%
- BMO Capital analyst John McNulty upgraded the stock from Market Perform to Outperform and raised the price target from $11 to $18 on Dec. 18, 2023. This analyst has an accuracy rate of 66%.
- Barclays analyst Michael Leithead maintained an Overweight rating on the stock and cut the price target from $15 to $14 on Oct. 30, 2023. This analyst has an accuracy rate of 62%.
- Recent News: Tronox, during October, reported third-quarter revenue of $662 million, a 26% decrease versus the prior year.
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