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
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…