During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy. Here’s a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga’s Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
The Western Union Company WU
- Dividend Yield: 8.83%
- Deutsche Bank analyst Bryan Keane maintained a Hold rating and cut the price target from $18 to $13 on Oct. 21, 2022. This analyst has an accuracy rate of 71%.
- Truist Securities analyst Andrew Jeffrey maintained a Hold rating and slashed the price target from $15 to $13 on Oct. 21, 2022. This analyst has an accuracy rate of 75%.
- Recent News: Western Union reported weaker-than-expected Q4 earnings.
Fidelity National Information Services, Inc. FIS
- Dividend Yield: 3.64%
- Truist Securities analyst Andrew Jeffrey maintained a Hold rating and cut the price target from $70 to $65 on Feb. 14, 2023. This analyst has an accuracy rate of 75%.
- Citigroup analyst Ashwin Shirvaikar downgraded the stock from Buy to Neutral and cut the price target from $85 to $70 on Feb. 14, 2023. This analyst has an accuracy rate of 76%.
- Recent News: Fidelity National Information Services reported fourth-quarter financial results and issued a weak forecast well below analyst estimates.
NetApp, Inc. NTAP
- Dividend Yield: 3.21%
- Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $67 to $65 on Feb. 27, 2023. This analyst has an accuracy rate of 70%.
- UBS analyst David Vogt maintained a Neutral rating and slashed the price target from $78 to $74 on Feb. 23, 2023. This analyst has an accuracy rate of 71%.
- Recent News: NetApp reported mixed Q3 financial results and issued Q4 & FY23 EPS guidance and Q4 sales guidance below estimates.
Read More: Top 5 Financial Stocks That Are Preparing To Pump In March