These 3 Tech Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

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.

Seagate Technology Holdings plc STX

  • Dividend Yield: 4.19%
  • Rosenblatt analyst Kevin Cassidy maintained a Buy rating and cut the price target from $70 to $68 on July 27, 2023. This analyst has an accuracy rate of 74%.
  • B of A Securities analyst Wamsi Mohan maintained a Buy rating and cut the price target from $71 to $70 on June 8, 2023. This analyst has an accuracy rate of 73%.
  • Recent News: Seagate Technology reported better-than-expected fourth-quarter EPS results.

International Business Machines Corporation IBM

  • Dividend Yield: 4.64%
  • B of A Securities analyst Wamsi Mohan maintained a Buy rating and raised the price target from $152 to $160 on July 20, 2023. This analyst has an accuracy rate of 73%.
  • Stifel analyst David Grossman maintained a Buy rating and increased the price target from $140 to $144 on July 20, 2023. This analyst has an accuracy rate of 69%.
  • Recent News: International Business Machines reported better-than-expected second-quarter EPS results.

ADTRAN Holdings, Inc. ADTN

  • Dividend Yield: 4.71%
  • Rosenblatt analyst Mike Genovese maintained a Buy rating and cut the price target from $12 to $11 on Aug. 9, 2023. This analyst has an accuracy rate of 61%.
  • Argus Research analyst Jim Kelleher maintained a Buy rating and slashed the price target from $30 to $16 on May 15, 2023. This analyst has an accuracy rate of 76%.
  • Recent News: ADTRAN posted worse-than-expected second-quarter sales results.

 

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