Wall Street Experts Recommend Attractive Dividend Stocks #

Geopolitical tensions and macroeconomic concerns have impacted investor sentiment, leading to market volatility in recent days. In such times, dividend-paying stocks can offer stability and attract investors.

Wall Street analysts have identified three appealing dividend stocks based on their thorough analysis of financials and long-term dividend growth potential.

The first stock is Enterprise Products Partners (EPD), a midstream energy services provider. EPD has consistently increased its cash distribution for 25 years, with a compound annual growth rate of 7%. The company’s recent investor update call suggests it is well-positioned to benefit from its organic growth projects.

Goldman Sachs (GS), a prominent US investment bank, reported better-than-expected Q1 results primarily driven by increased trading and investment banking revenue. The bank achieved solid performance, returning $2.43 billion to shareholders through share repurchases and dividends. The positive Q1 results have led to an upgrade in its rating.

Cisco Systems (CSCO), a networking equipment manufacturer, returned $2.8 billion to stockholders in Q2 of fiscal 2024 through share repurchases and dividends. The company announced a dividend increase and has received an upgrade in its rating due to three catalysts: AI-related tailwinds, growth in the security business, and synergies from a recent acquisition.

These dividend stocks offer attractive dividend yields and have gained the attention of Wall Street experts due to their promising prospects for growth.