Top Wall Street analysts say buy these dividend stocks for enhanced returns

The ongoing market volatility continues to add to investors' woes, making it difficult for them to pick the right stocks.

Lee ranks No. 251 among more than 8,500 analysts tracked by TipRanks. His ratings have been profitable 57% of the time, with each delivering an average return of 12.6%. , lower operating expenses, and reduced credit costs. Fotheringham holds the 372nd position among more than 8,500 analysts on TipRanks. Moreover, 56% of his ratings have been profitable, with each generating an average return of 9.4%. , which impressed investors by reporting robust subscriber additions for the third quarter, thanks to promotions and phone upgrades. Furthermore, the company raised its full-year free cash flow guidance to about $16.5 billion from $16 billion. AT&T offers an attractive dividend yield of 7%.

The analyst noted that AT&T reduced its debt by over $3 billion in Q3 2023, which would reduce interest expense and drive higher investment in its connectivity business. He thinks that the company will further optimize its dividend payout ratio such that it can support ongoing investments while returning cash to shareholders.

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