Are you looking to invest in dividend-paying stocks but don’t know where to start? The recent interest rate cut by the Federal Reserve has created a favorable environment for dividend stocks, making them an attractive option for investors. But with so many options out there, how do you know which dividend stocks are worth investing in?
At Extreme Investor Network, we understand the importance of making informed investment decisions. That’s why we’ve compiled a list of three dividend stocks that are highly recommended by Wall Street analysts on TipRanks, a platform that ranks analysts based on their past performance.
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Northern Oil and Gas (NOG):
- Northern Oil and Gas is a non-operated, upstream energy asset owner with a dividend yield of 4.8%.
- Mizuho analyst William Janela recently initiated a buy rating on NOG stock with a price target of $47, citing the company’s unique business model and attractive cash returns.
- Janela ranks No. 567 among more than 9,000 analysts tracked by TipRanks, with profitable ratings 53% of the time.
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Darden Restaurants (DRI):
- Darden Restaurants recently announced a lower-than-expected first-quarter fiscal 2025 results but maintained its full-year guidance.
- With a quarterly dividend of $1.40 per share, DRI stock offers a dividend yield of 3.3%.
- BTIG analyst Peter Saleh reaffirmed a buy rating on DRI stock, citing multiple sales drivers that are expected to boost same-store sales.
- Saleh ranks No. 422 among more than 9,000 analysts tracked by TipRanks, with profitable ratings 62% of the time.
- Target (TGT):
- Target announced a 1.8% increase in its quarterly dividend, marking the 53rd consecutive year of dividend increases.
- Target’s stock offers a dividend yield of 2.9%.
- Jefferies analyst Corey Tarlowe reaffirmed a buy rating on TGT stock, highlighting the appointment of a new CFO and the company’s strategic initiatives to drive sales.
- Tarlowe ranks No. 319 among more than 9,000 analysts tracked by TipRanks, with profitable ratings 67% of the time.
By following the recommendations of top Wall Street analysts on TipRanks, investors can choose dividend stocks that not only provide passive income but also have the potential for stock price appreciation. Stay informed and make wise investment decisions with Extreme Investor Network.