Seeking Stability Amid Market Turbulence
Amidst the chaos of fluctuating markets, investors often seek refuge in the arms of dividend-yielding stocks. These treasures complement robust free cash flows and lavish shareholders with generous payouts.
Uncovering Gems from the Most Accurate Analysts
In an attempt to navigate the tempest, many investors turn to the wisdom of the most accurate analysts. These analysts serve as guiding stars, illuminating the path to three high-yielding gems nestled in the communication services sector.
Verizon Communications Inc. – Embracing Stability with 6.68% Dividend Yield
- Dividend Yield: 6.68%
- TD Cowen analyst Dan Brennan, holding a stellar accuracy rate of 71%, maintained a Buy rating and elevated the price target from $48 to $51 on July 27.
- Tigress Financial analyst Ivan Feinseth, also flaunting a 71% accuracy rate, sustained a Buy rating and upped the price target from $50 to $52 on May 17.
- Recent News: On July 22, Verizon unveiled private exchange offers for 10 series of notes, inviting investors to dance with up to $2.5 billion of fresh notes.
AT&T Inc. – Navigating Storms with a 5.87% Dividend Yield
- Dividend Yield: 5.87%
- Scotiabank analyst Jeff Fan, with a formidable accuracy rate of 75%, maintained a Sector Outperform rating and lifted the price target from $23 to $24 on July 25.
- Oppenheimer analyst Timothy Horan, boasting a 75% accuracy rate, retained an Outperform rating and hiked the price target from $21 to $23 on July 25.
- Recent News: On August 5, NICE and AT&T expanded their collaboration to offer integrated solutions for emergency communications centers, painting a picture of resilience and adaptability.
Sinclair, Inc. – Sailing Amidst the Waves with 7.96% Dividend Yield
- Dividend Yield: 7.96%
- Guggenheim analyst Curry Baker, equipped with a 65% accuracy rate, upheld a Buy rating and adjusted the price target from $30 to $20 on November 3, 2023.
- Benchmark analyst Daniel Kurnos, with a commendable 73% accuracy rate, reiterated a Buy rating while setting a price target of $25 on August 23, 2023.
- Recent News: On July 30, Sinclair welcomed Dean Ditmer as Vice President/General Manager of KATU and KUNP in Portland, OR, instilling a fresh sense of leadership and direction.