Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-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 information technology sector.

International Business Machines Corporation IBM

• Dividend Yield: 5.00%
• BMO Capital analyst Keith Bachman maintained a Market Perform rating and cut the price target from $155 to $145 on April 20, 2023. This analyst has an accuracy rate of 76%.
• Evercore ISI Group analyst Amit Daryanani maintained an In-Line rating and cut the price target from $150 to $140 on April 20, 2023. This analyst has an accuracy rate of 70%.
• Recent News: International Business Machines is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service it made available this week.

Telefonaktiebolaget LM Ericsson ERIC

• Dividend Yield: 4.67%
• Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 64%.
• Exane BNP Paribas analyst Stefan Slowinski downgraded the stock from Outperform to Neutral on Jan. 10, 2023. This analyst has an accuracy rate of 71%.
• Recent News: Ericsson reported a loss for the second quarter.

Cisco Systems, Inc. CSCO

• Dividend Yield: 3.04%
• B of A Securities analyst Tal Liani downgraded the stock from Buy to Neutral with a price target of $56 on July 12, 2023. This analyst has an accuracy rate of 79%.
• Citigroup analyst Atif Malik initiated coverage on stock with a Neutral rating and a price target from $54 on June 30, 2023. This analyst has an accuracy rate of 80%.
• Recent News: Cisco recently announced its intent to acquire Accedian.

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