Amid market volatility driven by geopolitical tensions in the Middle East and concerns about the sustainability of the AI boom, three dividend stocks are highlighted by top-ranked Wall Street analysts. Phillips 66 pays an annualized dividend of $5.08 per share, yielding 2.25%, with TD Cowen analyst Jason Gabelman raising his price target to $255. Crescent Energy offers a 4% yield through an annualized dividend of $0.48 per share and exceeded cash flow expectations by 10% in Q2. Viper Energy, controlled by Diamondback Energy, announced a 32% hike in its base dividend, bringing the annualized yield to 4.5%, with a price target of $59 from TD Cowen analyst Aaron Bilkoski.
Source: Read the original article
