Top Wall Street analysts suggest these dividend stocks for stable income

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Top Wall Street analysts suggest these dividend stocks for stable income

On September 30, 2024, there is a sign on the outside of a Verizon business in Daly City, California.

Justin Sullivan | Getty Images News | Getty pictures

Trade negotiations and increased geopolitical conflicts burden the market mood, but investors who strive for a stable income can strengthen their portfolios by adding dividend shares.

By pursuing the recommendations of Top Wall Street analysts, investors could be informed if they are looking for attractive dividend shares, since the investment thesis of these experts is supported by an in-depth analysis of the basis of a company.

Here are three dividend playing shares that are highlighted by the top professionals of Wall Street, as followed by Tipranks, a platform that analysts based on their past performance.

Verizon Communications

Telekommunik giant Verizon Communications ((VZ) Is the first dividend selection this week. The company recently explained a quarterly dividend of $ 0.6775 per share, which is to be paid on August 1st. VZ Stock offers a dividend yield of 6.3%.

After a meeting with Verizon Management, the Citi analyst Michael Rollins found that the company will be optimistic about strengthening its leadership into broadband and convergated services in the next few years. The company aims to double its converged wireless subscriptions (customers with wireless and broadband subscriptions) in the next three years from a current level of 16% to 17% of its customer base.

In view of the continuing advertising survey in the wireless area, Rollins found that competitive data points are still mixed. However, Verizon focuses greatly on customer loyalty and improvement in deviations to recover in the second half of this year to his construction level (Business as Usual), which is partly supported by the new upgrade program.

Rollins noted that Verizon is optimistic about an improvement in his performance in the second half of the year and continues to expect that they will add more postpaid telephone subscriptions in 2025 compared to the previous year. The analyst sees the possibility of Q3 results and not the performance of Q2, which acts as a catalyst for Verizon shares when the loss of customers according to the postpaid begins. Rollins also expects Verizon to lose 75,000 Postpaid telephone customers in the second quarter.

Overall, Rollins is optimistic of VZ's long -term growth potential and determines the “underestimated value for its financial prospects”. The analyst confirmed a merchanting for Verizon share with a price target of $ 48. Interestingly, the AI ​​analyst from Tipranks has a purchase recommendation for VZ shares with an expectation of 14.3%.

Rollins rank 249 among more than 9,600 analysts, which were followed by Tipranks. His reviews were profitable in 69% of cases and provided an average return of 12.7%. See Verizon Insider Trade Activity on Tipranks.

Restaurant Brands International

Let's switch to the next dividend stock: Restaurant Brands International ((QSR). This is a fast restaurant chain that has legendary brands like Tim Hortons and Burger King. QSR offers a quarterly dividend of 62 cents per share. With an annualized dividend of $ 2.48 per share, the dividend yield of QSR is around 3.7%.

In May, restaurant brands stated that it still expected to reach its long -term algorithm, which forecast 8% organically adjusted operational income growth between 2024 and 2028.

Evercore analyst David Palmer said that the company could achieve profit growth of 8% in an algorithm both in 2025 and in 2026, although its estimates in system-wide sales growth of 5% and 6% in 2025 and 2026 can lead to under-algorithm system-wide sales growth. He explained that despite lower sales, the company could achieve its profitability goal in 2025 due to its cost management and lower share compensation.

Palmer added that he sees the company's profit delivery as “step one upside down” with the trade with QSR shares with a significant discount for Yum Brands and McDonald's. He also emphasized other catalysts for QSR shares, including ongoing sales growth in international sales over the consensus, positive sales growth of the same business for Burger King Us and Tim Hortons Canada and a resale of the China business, which is expected to increase an improved income in 2026.

Overall, Palmer is bullish on the QSR share and has repeated a business goal with a price target of $ 86, which reflects a p/e-multiple of 23x and 22x based on the profit estimates of 2025 and 2026. The analyst claims that QSR is an assessment of several competitors that are currently traded at 24 times or higher.

Palmer ranks 632 among more than 9,600 analysts, which were followed by Tipranks. His reviews were 63% of the cases successful and delivered an average return of 7.1%. See Restaurant Brands International Technical Analysis on Tipranks.

EOG resources

Finally we look at ourselves EOG resources ((Eog), a crude oil and natural gas exploration and production company with proven reserves in the USA and Trinidad. The company recently announced a contract to take over Encino acquisition partners for $ 5.6 billion.

The company emphasized that the accretion of this business in its free cash flow supports its obligation to the shareholders' returns. In particular, EOG announced an increase in its dividend by 5% to $ 1.02 per share, which is too payable on October 31. The EOG share offers a dividend yield of 3.1%.

The RBC Capital Analyst Scott Hanold reacted to the Encino acquisition: “In our view, Encinos assets are useful from a strategic and valuable perspective.” The analyst confirmed a merchanting for EOG shares with a price target of $ 145. The AI ​​analyst from Tipranks has a merchanting for EOG resources with a price target of $ 132.

Hanold emphasized that the deal increases the Utica position of EOG to a combined area of ​​1.1 million tomorrow and produces 275 MBOE/D (millions of barrels oil equivalent per day). The analyst expects the combined area in Utica to surpass 300 MBOE/D until the beginning of 2026, which is in second place in Eog's permic position. Hanold expects the scaled development to begin in 2026.

The analyst added that after the acquisition, Eog's net debt for book capital is 0.3 times, whereby the company still has a peer leading lever rate and a balance with peer-leading lever. Hanold pointed out that the management of the management about the shareholder return on 100% of the Free Cashflow is similar to the latest quarters, whereby the return purchases continue to be a priority. He also determined the increase in Eog's fixed dividend by 5%.

Hanold is number 15 among more than 9,600 analysts, which were followed by Tipranks. His reviews were profitable in 69% of cases and provided an average return of 29.6%. See EOG resources share buying on Tipranks.

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