In times of market upheaval, investors often seek refuge in dividend-yielding stocks. These stalwarts, with their robust free cash flows, generously return value to shareholders through enticing dividend payouts.
For a window into expert insights on beloved stocks, visit the Analyst Stock Ratings page on Benzinga. Dive deep into Benzinga’s trove of analyst evaluations, ranked by precision and expertise.
Let’s explore the top-rated high-yield stocks in the materials sector, as per the most dependable analysts.
International Paper Company IP
- Dividend Yield: 5.17%
- RBC Capital analyst Scott Heleniak reaffirmed an Outperform ranking, setting a price target of $43 on Feb. 2, 2024. With a 71% precision rate, this analyst is one to trust.
- Truist Securities analyst Michael Roxland upheld a Buy recommendation while adjusting the price target from $46 to $40 on Feb. 2, 2024. Sporting a commendable 63% accuracy rate, this analyst’s opinions carry weight.
- Latest News: International Paper reported Q4 sales of $4.601 billion on Feb. 1, falling short of the $4.674 billion analyst consensus.
Tronox Holdings plc TROX
- Dividend Yield: 3.26%
- BMO Capital analyst John McNulty retained an Outperform rating and lifted the price target from $18 to $19 on Feb. 20, 2024. Demonstrating a 65% precision rate, this analyst knows their stuff.
- Deutsche Bank analyst David Begleiter sustained a Buy rating while lowering the price target from $18 to $17 on May 2, 2023. With a robust 74% accuracy rate, this analyst’s judgment is sound.
- Latest News: Tronox Holdings reported impressive quarterly sales on Feb. 15.
Sonoco Products Company SON
- Dividend Yield: 3.57%
- Citigroup analyst Anthony Pettinari sustained a Buy rating while adjusting the price target from $70 to $68 on July 11, 2023. Boasting an exceptional 78% accuracy rate, this analyst’s insights are valuable.
- Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy and set a price target of $65 on March 20, 2023. With an impressive 80% accuracy rate, this analyst’s expertise shines through.
- Latest News: Sonoco Products posted disappointing fourth-quarter earnings on Feb. 14.
Read More: Bitcoin Surpasses $65,000; Pepe Emerges As Top Gainer