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These 3 Tech Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Benzinga ·  Mar 29, 2023 20:35

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.

Dell Technologies Inc. (NYSE:DELL)

  • Dividend Yield: 3.86%
  • Deutsche Bank analyst Sidney Ho maintained a Buy rating and cut the price target from $48 to $45 on March 3, 2023. This analyst has an accuracy rate of 81%.
  • JP Morgan analyst Samik Chatterjee maintained an Overweight rating and cut the price target from $50 to $47 on March 3, 2023. This analyst has an accuracy rate of 72%.
  • Recent News: Dell posted better-than-expected earnings for its fourth quarter. The company also announced the retirement of its CFO Tom Sweet and named Yvonne McGill its new CFO.

Hewlett Packard Enterprise Company (NYSE:HPE)

  • Dividend Yield: 3.20%
  • JP Morgan analyst Samik Chatterjee maintained an Overweight rating and raised the price target from $18 to $20 on Dec. 20, 2022. This analyst has an accuracy rate of 72%.
  • Barclays analyst Tim Long maintained an Overweight rating and increased the price target from $17 to $18 on Nov. 30, 2022. This analyst has an accuracy rate of 69%.
  • Recent News: Hewlett Packard Enterprise reported better-than-expected Q1 results and issued strong Q2 revenue guidance.

Seagate Technology Holdings plc (NASDAQ:STX)

  • Dividend Yield: 4.52%
  • Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a price target of $75 on March 20, 2023. This analyst has an accuracy rate of 75%.
  • Mizuho analyst Vijay Rakesh upgraded the stock from Neutral to Buy and increased the price target from $62 to $82 on Feb. 10, 2023. This analyst has an accuracy rate of 73%.
  • Recent News: Seagate reported better-than-expected Q2 results.

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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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