The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024.
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Investors seeking stable income and diversification may appreciate adding dividend stocks to their portfolio.
Finding the right names takes some additional legwork, and investors will want to consider the names highlighted by Wall Street analysts. These professionals make recommendations after thoroughly analyzing a company’s financial strength and its ability to pay consistent dividends.
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.
Energy Transfer
The first dividend stock pick this week is Energy Transfer (ET), a midstream energy company with over 130,000 miles of pipeline and related infrastructure across 44 states. Structured as a limited partnership, ET offers a dividend yield of 7.8%.
Energy Transfer is scheduled to announce its quarterly results on Nov. 6. Heading into Q3 earnings, RBC …