- Dividend-paying stocks are in the spotlight for income-seeking investors, especially with a potential December rate cut looming. The Dividend Aristocrats, which consist of companies that have consistently raised dividends for 25 years, are top picks for safety and reliability in uncertain market conditions.
- Amcor PLC, a packaging solutions company, offers a 6.03% dividend yield and is recommended by Morgan Stanley with an Overweight rating. Franklin Resources Inc., a global money manager, provides a 5.81% dividend and has a Buy rating from Goldman Sachs with a $29 target price.
- Realty Income Corp., a real estate investment trust, offers a 5.66% monthly dividend and has a Buy rating from UBS with a $66 price objective. Target Corp., a retail giant, provides a solid 5.20% dividend yield and is rated Positive by Evercore ISI with a $100 target price.
- Hormel Foods Corp., a food processing company, offers a 5.02% dividend yield and is considered a safe investment with over 50 years of dividend increases. J.P. Morgan has an Overweight rating with a $27 target price for Hormel.
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Read more at Yahoo Finance: The Highest-Yielding Dividend Aristocrats Deliver 5%-6% Yields and Safety