Amidst market turmoil, dividend-yielding stocks provide investors with a beacon of stability. These stocks, often associated with companies boasting robust free cash flows, prove to be a reliable haven with their generous dividend payouts.
For aficionados following the ebbs and flows of the stock market, exploring analyst ratings offers valuable insights. One can peruse the ratings curated meticulously by Benzinga, including rankings based on analyst precision.
Unveiling assessments from top-notch analysts, here is a glimpse into three high-yield financial stocks commanding attention:
New York Community Bancorp, Inc. NYCB
- Dividend Yield: 6.15%
- Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained a Market Perform rating and revised the price target from $7.5 to $3.75 on March 11, 2024. This analyst boasts a precision level of 66%.
- Citigroup analyst Keith Horowitz upheld a Neutral rating and adjusted the price target from $5 to $3.5 on March 7, 2024. With a remarkable precision rate of 78%, this analyst commands attention.
- Recent News: New York Community Bancorp announced a substantial equity investment exceeding $1 billion on March 6, attracting investors like Liberty Strategic Capital, Hudson Bay, and Reverence Capital.
Main Street Capital Corporation MAIN
- Dividend Yield: 6.26%
- Truist Securities analyst Mark Hughes maintained a Hold rating and raised the price target from $43 to $45 on Feb. 26, 2024. Noteworthy for an accuracy rate of 84%, this analyst’s assessment carries weight.
- B. Riley Securities analyst Bryce Rowe, transitioning from a Buy to Neutral stance, set a price target of $47 on Jan. 8, 2024. This analyst, heralding an accuracy rate of 61%, offered a nuanced viewpoint.
- Recent News: Main Street Capital released encouraging quarterly earnings on Feb. 22, underscoring the company’s financial health.
The Western Union Company WU
- Dividend Yield: 6.69%
- BMO Capital analyst Rufus Hone maintained a Market Perform rating and increased the price target from $12 to $13 on Feb. 7, 2024. With a commendable accuracy rate of 76%, this analyst’s assessment holds significance.
- UBS analyst Timothy Chiodo adopted a Neutral rating and set a price target of $14 on Oct. 20, 2023. Boasting a precision level of 62%, this analyst provided a prudent evaluation.
- Recent News: Visa announced a pivotal 7-year collaboration with Western Union on March 5, signaling new growth avenues for the company.
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