Check Out 3 Materials Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

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.

Dow Inc DOW

• Dividend Yield: 5.03%
• Morgan Stanley analyst Vincent Andrews reiterated an Equal-Weight rating with a price target of $54 on July 26, 2023. This analyst has an accuracy rate of 70%.
• Mizuho analyst Christopher Danely maintained a Neutral rating and cut the price target from $53 to $52 on July 24, 2023. This analyst has an accuracy rate of 82%.
• Recent News: Dow reported a second-quarter FY23 sales decline of 27.1% year-over-year to $11.42 billion, beating the consensus of $11.27 billion.

International Flavors & Fragrances Inc. IFF

• Dividend Yield: 3.80%
• 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%.
• UBS analyst Joshua Spector maintained a Buy rating and raised the price target from $126 to $128 on May 9, 2023. This analyst has an accuracy rate of 70%.
• Recent News: IFF said it sees FY23 sales of $12.3 billion.

The Scotts Miracle-Gro Company SMG

Dividend Yield: 3.74%

• JP Morgan analyst Jeffrey Zekauskas upgraded the stock from Neutral to Overweight with a price target of $80 on May 8, 2023. This analyst has an accuracy rate of 71%.
• Barclays analyst Gaurav Jain downgraded the stock from Overweight to Equal-Weight and slashed the price target from $105 to $70 on April 26, 2023. This analyst has an accuracy rate of 71%.
• Recent News: The Scotts Miracle-Gro Company released results for its fiscal second quarter ended April 1, 2023, revealing company-wide sales decreased 9% to $1.53 billion.

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