3 dividend yielding stocks recommended by top analysts

Dividends are a way for investors to increase returns on their portfolios and provide certainty even in volatile markets. The following article focuses on three stock titles with attractive dividends, recommended by leading analysts on the TipRanks platform.

Northern Oil and Gas $NOG+0.3%

NOG
$36.17 $0.10 +0.28%

Northern Oil and Gas focuses on the acquisition, exploration and production of oil and natural gas properties, primarily in the Williston, Permian and Appalachian basins. The company recently announced the acquisition of a 20% interest in Uinta Basin assets from XCL Resources for $510 million in partnership with SM Energy.

NOG recently raised its dividend to 40 cents per share for the first quarter, an increase of 18% from the prior year. With a dividend yield of 4.1%, the stock is attractive to investors looking for steady income.

RBC Capital analyst Scott Hanold reiterated a "buy" recommendation on NOG stock with a target price of $46. Hanold expects the new acquisition in Uinta Basin to be beneficial to the company's earnings and cash flow, which could lead to a further dividend increase in 2025.

JPMorgan Chase $JPM-0.8%

JPM

JPMorgan

JPM
$207.53 -$1.72 -0.82%

JPMorgan Chase, the largest bank in the United States by assets, recently announced a 9% dividend increase to $1.25 per share for the third quarter of 2024, its second dividend increase of the year. The bank offers a dividend yield of 2.2%.

Analyst Gerard Cassidy of RBC Capital reiterated a "buy" recommendation on JPM stock with a target price of $211. According to Cassidy, JPM has strong leadership and diverse business lines that are among the best in the banking sector.

"As the company builds economies of scale in its consumer and capital markets, we believe it will achieve increased profitability by taking market share from its weaker competitors," Cassidy said.

Walmart $WMT+0.5%

WMT

Walmart

WMT
$79.03 $0.43 +0.55%

Walmart recently raised its dividend 9% to 83 cents per share, marking the 51st consecutive annual dividend increase. With a payout ratio of 37.5%, the company sees potential for further dividend growth.

Analyst Corey Tarlowe reiterated a "buy" recommendation on WMT stock with a target price of $77. Tarlowe believes Walmart is at the beginning of its journey with artificial intelligence and automation, which could double its operating profit by 2029.

Among recent AI developments, the analyst highlighted WMT's strategic investment and partnership with Fox Robotics, which provides the world's first autonomous forklift.

Disclaimer: There is a lot of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always conduct thorough self-analysis.

Source: Yahoo Finance, CNBC.

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