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.
Tronox Holdings plc. TROX
- Dividend Yield: 3.72%
- Credit Suisse analyst John Roberts upgraded the stock from Underperform to Neutral and increased the price target from $12 to $13 on Aug. 8, 2023. This analyst has an accuracy rate of 78%.
- Morgan Stanley analyst Vincent Andrews reiterated an Equal-Weight rating with a price target of $16 on Aug. 1, 2023. This analyst has an accuracy rate of 70%.
- Recent News: Tronox Holdings posted weaker-than-expected quarterly earnings.
Eastman Chemical Company EMN
- Dividend Yield: 3.69%
- Morgan Stanley analyst Vincent Andrews reiterated an Overweight rating with a price target of $115 on Aug. 1, 2023. This analyst has an accuracy rate of 70%.
- Credit Suisse analyst John Roberts maintained an Outperform rating and raised the price target from $95 to $98 on July 28, 2023. This analyst has an accuracy rate of 78%.
- Recent News: Eastman Chemical posted upbeat quarterly earnings.
International Flavors & Fragrances Inc. IFF
- Dividend Yield: 4.70%
- JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $83 to $67 on Aug. 9, 2023. This analyst has an accuracy rate of 71%.
- Deutsche Bank analyst David Begleiter maintained a Buy rating and cut the price target from $110 to $85 on Aug. 9, 2023. This analyst has an accuracy rate of 76%.
- Recent News: International Flavors & Fragrances reported worse-than-expected second-quarter results and issued a reduced FY23 outlook.
Read More: Top 5 Risk Off Stocks That Are Ticking Portfolio Bombs
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