Dividend-paying stocks are looking even more attractive as investors grapple with a spike in bond yields and a tumultuous stock market.to shareholders through share repurchases of $4.3 billion and dividends of $3.7 billion. It generated free cash flow of $5 billion in the June quarter.reiterated a buy rating on Exxon with a price target of $139 after attending the company's Product Solutions Spotlight event.
Last month, Kumar hosted investor meetings with CTRA's management and said the key takeaway was that the company is confident about delivering solid returns on investment in most commodity price scenarios. In particular, management highlighted the flexibility and optionality of CTRA's asset base and capital allocation strategy.
Calling CTRA his top pick, Kumar reiterated a buy rating on the stock with a price target of $42. , which operates assets in the utilities, transport, midstream, and data sectors. BIP paid a quarterly dividend of $0.3825 per unit on Sept. 29, which reflects a 6% year-over-year increase in its distribution. The company offers a dividend yield of 5.5%.
The analyst also thinks that given the capital constraints in the current backdrop due to a slowdown in fundraising activity, an entity like Brookfield has the potential to enhance returns by investing capital above its 12% to 15% equity internal rate of return target range.
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