Check Out 3 Industrial Stocks With Over 6% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three industrial stocks with over 6% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Star Bulk Carriers Corp. (SBLK) with a dividend yield of 13.55%, 3M Company (MMM) with a yield of 6.71%, and ACCO Brands Corporation (ACCO) with a yield of 6.06%. Recent news for these companies include a share repurchase agreement for SBLK, better-than-expected Q3 results and raised FY23 guidance for MMM, and an upcoming Q3 earnings release for ACCO.
October 26, 2023 | 12:59 pm
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NEUTRAL IMPACT
ACCO Brands Corporation has a dividend yield of 6.06%. The company is set to release its Q3 2023 earnings on Nov. 2, 2023.
While ACCO's dividend yield is attractive, the upcoming earnings release could introduce volatility to the stock price. The impact will depend on the earnings results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
3M Company offers a dividend yield of 6.71%. The company recently reported better-than-expected Q3 results and raised its FY23 guidance.
The combination of a solid dividend yield, strong Q3 results, and raised guidance could boost investor confidence and drive up MMM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Star Bulk Carriers Corp. has a high dividend yield of 13.55%. The company recently entered into a share repurchase agreement.
The high dividend yield and recent share repurchase agreement could make SBLK attractive to investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100