Investors looking to strengthen their investment portfolios and increase returns often turn to dividend-paying stocks. These stocks provide a steady income through regular dividend payments, supported by strong financial performance.
According to analysts on TipRanks, a platform that ranks financial experts based on their track record, here are three attractive dividend stocks to consider.
Darden Restaurants (DRI) is a leading full-service dining company that owns popular brands like Olive Garden and LongHorn Steakhouse. Despite mixed results in the fourth quarter of fiscal 2024, Darden remains strong with a dividend yield of 3.5%. Analysts are optimistic about Darden’s future performance, with BTIG analyst Peter Saleh reiterating a buy rating and a price target of $175.
International Seaways (INSW) is a tanker company that offers energy transportation services. The company boasts a dividend yield of over 13% and is expected to continue delivering strong cash flows. Stifel analyst Benjamin Nolan reaffirmed a buy rating on the stock and increased the price target to $68, citing a favorable tanker market outlook.
Citigroup (C) is a banking giant that offers a quarterly dividend of 53 cents per share, with a yield of 3.3%. Despite macro uncertainty, Citigroup remains confident in achieving its 2024 guidance. Goldman Sachs analyst Richard Ramsden reiterated a buy rating on the stock and raised the price target to $72, highlighting the bank’s strategic transformation efforts and revenue growth across all core businesses.
Overall, these dividend stocks offer attractive investment opportunities for investors looking to enhance their portfolios with steady income and potential for growth.