Top Wall Street analysts favor these dividend stocks for better returns

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TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Darden Restaurants and Citigroup

Investors searching for these names will need to find companies that have a track record of making steady payments, backed by robust financials.), which operates several popular brands in full-service dining, including Olive Garden, LongHorn Steakhouse and Yard House. The company recently announced mixed results for the fourth quarter of fiscal 2024.

Saleh ranks No. 360 among more than 8,900 analysts tracked by TipRanks. His ratings have been successful 61% of the time, with each delivering an average return of 11.7%. , a tanker company that offers energy transportation services for crude oil and petroleum products. On June 26, the company paidIn its first-quarter results, INSW highlighted that its combined dividend payments of $5.74 per share over the last twelve months reflected a dividend yield of more than 13%.

Nolan expects INSW to sustain high supplemental dividends, given the estimated $200 million to $300 million of excess cash flow after capital expenditure ."We are modeling $5.51/share in 2024 dividends, although there is room to be a little higher," said the analyst. Ramsden noted that Citi is highly focused on its transformation efforts, with the bank making steady progress on risk control and data quality. Coming to the Services business, the analyst noted that management established strategic priorities for this vital component of the company's financial targets. The analyst estimates that the Services business will account for 25% of the group revenue growth through 2026.

 

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