Uncertainty in the Middle East, elevated Treasury yields and fears about an AI bubble continue to keep global markets on edge. Given this volatile backdrop, investors seeking stable income can consider enhancing their portfolios by adding dividend-paying stocks.
However, the vast universe of dividend stocks can make selection challenging. Tracking the ratings of top Wall Street analysts can help shortlist attractive dividend stocks, as their recommendations are backed by in-depth research.
Here are three dividend-paying stocks that are highlighted by Wall Street's top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance.
Chord Energy is an independent exploration and production company with long-lived assets primarily in the Williston Basin. With a quarterly base dividend of $1.30 per share, CHRD offers a dividend yield of 3.67%.
In a research note on third-quarter expectations, RBC Capital analyst Scott Hanold reiterated a buy rating on CHRD stock with a price target of $175. "We model production near the top of guidance and continue to see strong performance from new wells and base production," said Hanold.