Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, 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.

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: 3.81%
• Exane BNP Paribas analyst Stefan Slowinski initiated coverage on the stock with an Underperform rating and a price target of $145 on May 2. This analyst has an accuracy rate of 71%.
• JP Morgan analyst Brian Essex maintained a Neutral rating and lowered the price target from $190 to $185 on April 25. This analyst has an accuracy rate of 70%.
• Recent News: On July 1, IBM and Microsoft disclosed strengthened cybersecurity collaboration to help clients modernize security operations and protect against cloud identity threats.
• Benzinga Pro's real-time newsfeed alerted to latest IBM's news

HP Inc. HPQ

• Dividend Yield: 3.15%
• Citigroup analyst Asiya Merchant maintained a Buy rating and raised the price target from $35 to $37 on May 30. This analyst has an accuracy rate of 77%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and increased the price target from $30 to $33 on May 30. This analyst has an accuracy rate of 73%.
• Recent News: On June 26, HP named Karen Parkhill as CFO.
• Benzinga Pro's charting tool helped identify the trend in HPQ's stock.

Methode Electronics, Inc. MEI

• Dividend Yield: 5.58%
• Sidoti & Co. analyst John Franzrebdowngraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.
• Barrington Research analyst Christopher Howereiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 70%.
• Recent News: On June 25, Methode Electronics named Jon DeGaynor as President and CEO.
• Benzinga Pro's signals feature notified of a potential breakout in MEI's shares.

Check This Out: How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro