6 Stocks with Dividend Payments Receive Favorable Analyst Ratings and Target Price Increases – One Generating 7.57% Yield
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Prepare to rejoice, investors seeking dividends. Financial analysts on Wall Street are expressing optimism towards dividend-paying stocks, elevating price targets for six promising companies. Offering attractive yields ranging from 2.30% to a remarkable 7.57%, these stocks represent diverse sectors, catering to the preferences of all types of investors.
Newmont Corporation (NYSE:NEM): Profiting from the Gold Rush
Embracing the excitement of the gold rush, TD Securities maintains a Hold rating for Newmont while increasing the price target from $43 to $48. This adjustment signifies a potential 12.35% appreciation for the mining behemoth, which distributes $0.25 per share quarterly, resulting in an annual yield of 2.3%. Noteworthy is the fact that although the stock technically showcases a five-year dividend growth rate of 20.96%, the dividend payout was reduced from $0.55 per share in the previous year.
Regions Financial Corporation (NYSE:RF): Banking on Sustained Expansion
Piper Sandler maintains a neutral stance on Regions Financial while raising the price target from $20 to $21. This adjustment indicates a 6.25% upward potential for the bank holding company, which has been enhancing its dividend at a commendable pace of 12.52% over the past five years. Offering a yield of 4.90% and a quarterly payout of $0.24 per share, Regions Financial presents itself as a dependable choice for income-focused investors.
Citizens Financial Group, Inc. (NYSE:CFG): A Compelling Opportunity
Upgrading Citizens Financial Group from Neutral to Overweight, Piper Sandler provides a valid rationale. With a price target increase from $35 to $41, this banking stock could potentially appreciate by 15.75%. Coupled with a 4.80% yield, a quarterly payout of $0.42, and a five-year dividend growth rate of 9.24%, Citizens Financial Group emerges as a formidable player in the financial sector.
Juniper Networks, Inc. (NYSE:JNPR): Facilitating Dividend Growth
Despite maintaining an Equal-Weight rating on Juniper Networks, Barclays raises the price target from $40 to $41. This change suggests an 18.17% potential upward movement for the networking technology company, which offers a yield of 2.52% and has boosted its dividend by 3.81% annually over the past five years. With a quarterly dividend of $0.22 per share, Juniper Networks facilitates dividend growth.
Columbia Banking…
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