The U.S. stock market has been volatile as of late, as traders grapple with earnings season and the upcoming elections, but dividend-paying stocks may help investors smooth out the ride in their portfolios.
Investors seeking solid dividend payers can rely on top-ranked Wall Street analysts, who make recommendations after thoroughly analyzing a company’s ability to generate solid financials and deliver strong returns.
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.
Western Midstream Partners
This week, we will first look at a limited partnership, Western Midstream Partners (WES). The company owns and operates midstream assets in Texas, New Mexico, Colorado, Utah and Wyoming.
It is worth noting that for Q1 2024, WES increased its base distribution by 52% compared to the prior quarter to $0.8750 per unit. WES offers a high dividend yield of 8.8%.
Recently, Mizuho analyst Gabriel Moreenincreased …