Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks With Over 4% 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.

Southern Copper Corporation SCCO

• Dividend Yield: 5.93%
• Barclays analyst Matthew Murphy maintained an Equal-Weight rating and raised the price target from $53 to $64 on April 21, 2023. This analyst has an accuracy rate of 74%.
• Morgan Stanley analyst Carlos De Alba downgraded the stock from Overweight to Equal-Weight with a price target of $70 on March 30, 2023. This analyst has an accuracy rate of 80%.
• Recent News: Goldman Sachs recently downgraded the stock from Neutral to Sell.

Tronox Holdings plc TROX

• Dividend Yield: 4.38%
• Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating and cut the price target from $26 to $16 on Oct. 25, 2022. This analyst has an accuracy rate of 70%.
• BMO Capital analyst John McNulty maintained a Market Perform rating and slashed the price target from $16 to $15 on Sept. 27, 2022. This analyst has an accuracy rate of 65%.
• Recent News: Tronox Holdings, last month, posted better-than-expected quarterly results.

International Flavors & Fragrances Inc. IFF

• Dividend Yield: 4.14%
• JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $96 to $83 on May 26, 2023. This analyst has an accuracy rate of 71%.
• Mizuho analyst Christopher Parkinson maintained a Neutral rating and lowered the price target from $119 to $105 on Feb. 10, 2023. This analyst has an accuracy rate of 64%.
• Recent News: The company reported better-than-expected sales results for its first quarter.

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