Global stock markets remain volatile amid persistent geopolitical tensions and concerns about the sustainability of AI trade. Given this backdrop, investors seeking steady income can add dividend-paying stocks to their portfolios.
Tracking recommendations from top Wall Street analysts can help investors pick attractive stocks, as these experts assess a company's ability to pay dividends consistently.
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.
Integrated oil and gas giant Chevron (CVX) is a dividend king. The company has increased its dividend for 39 consecutive years. At a quarterly dividend of $1.78 per share (annualized dividend of $7.12 per share), CVX offers a yield of 3.14%. Chevron will announce its third-quarter results on October 30.
In an earnings preview note on U.S. oil majors, Goldman Sachs analyst Neil Mehta reiterated a buy rating on Chevron with a price target of $241. The analyst is focused on the company's international growth prospects across Latin America, the Middle East, West Africa, and the Eastern Mediterranean.