Top Wall Street analysts like these 3 dividend stocks for high yields [Video]

A favorable consumer price index report for April lifted investors’ hopes for rate cuts from the Federal Reserve – and that environment could prove favorable for dividend-paying stocks.

A lower interest rate environment makes dividend payers more compelling to income investors, especially because those stocks would be offering competitive yields versus those of Treasurys.

Recent results reported by several dividend-paying companies have proved their resilience and the ability to pay dividends despite a tough macro backdrop.

Bearing that in mind, here are three attractive dividend stocks, according to Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance.

Ares Capital

The first stock on this week’s list is Ares Capital (ARCC), a company that focuses on financing solutions for small- and middle-market companies. On May 1, the company announced its first-quarter results and declared a quarterly dividend of 48 cents per share, payable on June 28. ARCC stock offers an attractive dividend yield of 9.1%.

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