14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (2024)

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Laila Maidan

2024-06-21T09:00:02Z

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (1)

Dividend payouts hit a record high during the first quarter of 2024.
Dividends are expected to rise again for the full year.
Below are 14 names with the highest yields among buy-rated stocks, according to TipRanks.

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If you were invested in a dividend-paying stock at the start of this year, you've probably seen some nice returns by now.

Amid rising profits, US companies paid a record $164.3 billion in dividends to shareholders in the first quarter, according to the Janus Henderson Global Dividend Index. Multi-billion-dollar payouts from Meta, Walt Disney, and T-Mobile drove much of the increase in dividends in Q1. And there's more to come: S&P 500 companies are forecast to increase dividend payments by 6% this year, a step up from the 5.1% growth last year, according to S&P Dow Jones Indices.

Meta is, of course, one of the Magnificent Seven stocks that have been largely responsible for the market's gains over the past year. As these stocks keep climbing, the consensus remains that they're part of an overcrowded trade: "Long Magnificent 7" was picked as the most crowded trade for a 15th straight month, according to Bank of America's June Global Fund Manager Survey.

If you're waiting for a market pullback to get a chance to enter the most popular stocks at a better price, you may be on the sidelines for a while. An alternative strategy is to find strong dividend payers with price upside, even if they are smaller and less popular.

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But not all dividend stocks are created equal, and just because a company has a higher dividend yield — its dividend payout relative to its stock price — doesn't mean it's a better bet. Sometimes, it could mean you're taking more risk because a high dividend yield could result from a low or falling stock price. Companies that make the big payouts could have a harder time maintaining them long-term, and dividend cuts could hurt stock prices if investors see them as a sign of financial weakness.

If you're unsure where to start, below are 14 stocks compiled by TipRanks, a financial data firm that uses analyst ratings, price targets, and other data to create lists of top stocks. The names below have the highest dividend yields among those with a "strong buy" analyst consensus rating.

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1. Copa Holdings

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (5)

Ticker: CPA

Analyst Price Target - upside/downside: 65.65%

Dividend Yield: 5.08%

Market Cap: $3.98B

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2. Hasi

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (6)

Ticker: HASI

Analyst Price Target - upside/downside: 16.94%

Dividend Yield: 5.16%

Market Cap: $3.53B

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3. GeoPark

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (7)

Ticker: GPRK

Analyst Price Target - upside/downside: 36.85%

Dividend Yield: 5.16%

Market Cap: $543.38M

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4. Bank of NT Butterfield & Son

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (8)

Ticker: NTB

Analyst Price Target - upside/downside: 13.57%

Dividend Yield: 5.22%

Market Cap: $1.58B

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5. Viper Energy

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (9)

Ticker: VNOM

Analyst Price Target - upside/downside: 19.02%

Dividend Yield: 5.73%

Market Cap: $6.42B

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6. AT&T

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (10)

Ticker: T

Analyst Price Target - upside/downside: 18.85%

Dividend Yield: 6.15%

Market Cap: $129.42B

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7. Sunoco

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (11)

Ticker: SUN

Analyst Price Target - upside/downside: 10.93%

Dividend Yield: 6.24%

Market Cap: $8.25B

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8. Rio Tinto

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (12)

Ticker: RIO

Analyst Price Target - upside/downside: 16.47%

Dividend Yield: 6.55%

Market Cap: $112.82B

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9. HSBC Holdings

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (13)

Ticker: HSBC

Analyst Price Target - upside/downside: 15.25%

Dividend Yield: 6.93%

Market Cap: $164.28B

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10. Enterprise Products Partners

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (14)

Ticker: EPD

Analyst Price Target - upside/downside: 17.51%

Dividend Yield: 7.17%

Market Cap: $61.46B

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11. Ladder Capital

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (15)

Ticker: LADR

Analyst Price Target - upside/downside: 13.43%

Dividend Yield: 8.27%

Market Cap: $1.42B

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12. Frontline

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (16)

Ticker: FRO

Analyst Price Target - upside/downside: 35.11%

Dividend Yield: 8.79%

Market Cap: $5.49B

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13. Rithm Capital (New Residential Investment)

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (17)

Ticker: RITM

Analyst Price Target - upside/downside: 16.96%

Dividend Yield: 8.98%

Market Cap: $5.38B

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14. Blackstone Secured Lending Fund

14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts (18)

Ticker: BXSL

Analyst Price Target - upside/downside: 1.36%

Dividend Yield: 9.55%

Market Cap: $6.06B