The mood on Wall Street is currently divided, with some analysts optimistic about a potential bull market while others are wary of a bearish turn. For investors seeking security and income, dividend picks can offer a reliable source of stability.
Seeking Alpha analysts have highlighted several big-name companies as potential dividend picks, including Pfizer (NYSE:PFE), Devon Energy (NYSE:DVN), Starbucks (NASDAQ:SBUX), and Lowe’s Companies (NYSE:LOW). Here’s what they had to say about each of these companies:
– Pfizer (PFE): Analyst Paul Franke notes that Pfizer has shown strong trading momentum and offers a 6% dividend yield, making it an attractive defensive play for the rest of 2024 and into 2025.
– Devon Energy (DVN): Analyst Leo Nelissen believes that Devon Energy offers incredible value, making it a great investment for both income-focused investors and those who appreciate buybacks.
– Starbucks (SBUX): Analyst Jason Fieber praises Starbucks for its consistent dividend growth over the years, making it a profitable blue chip dividend growth stock.
– Lowe’s Companies (LOW): Analysts highlight Lowe’s for its consistent dividend increases and stock buybacks, making it a solid choice for investors.
For investors looking for a more diversified approach to dividend investing, several dividend-focused ETFs are available, including Vanguard Dividend Appreciation ETF (VIG), Vanguard High Dividend Yield Index ETF (VYM), Schwab US Dividend Equity ETF (SCHD), iShares Core Dividend Growth ETF (DGRO), SPDR S&P Dividend ETF (SDY), and iShares Select Dividend ETF (DVY). These ETFs offer a convenient way to access a variety of dividend-paying stocks.