An Exxon Mobil gas station in Washington, D.C., on Nov. 28, 2023.
Al Drago | Bloomberg | Getty Images
With the Federal Reserve now on a rate-cutting campaign, dividend stocks may soon get their moment in the spotlight.
Investors looking for lucrative dividend-paying stocks can track the recommendations of top analysts, who consider various aspects like a company’s fundamentals and consistency in dividend payments before selecting a stock.
Here are three dividend-paying stocks, highlighted by Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance.
Exxon Mobil
This week’s first dividend pick is oil and gas giant Exxon Mobil (XOM). The company recently announced better-than-anticipated third-quarter results, driven by a solid rise in production. It is worth noting that the company achieved its highest liquids production in over 40 years with 3.2 million barrels per day.
The dividend aristocrat returned $9.8 billion to shareholders in the third quarter. Moreover, the company increased …