Check Out 3 Materials Stocks With Over 5% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
The article discusses three materials sector stocks with over 5% dividend yields, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Kronos Worldwide, Inc. (KRO) has a dividend yield of 9.30% but reported a net loss in Q3. Dow Inc. (DOW) offers a 5.69% yield and reported a sales decline but beat consensus in Q3. Southern Copper Corporation (SCCO) has a 5.70% yield and its shares gained around 14% year-to-date.
November 14, 2023 | 12:22 pm
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NEGATIVE IMPACT
Kronos Worldwide, Inc. has a high dividend yield of 9.30%. However, it reported a net loss in Q3, and analysts have mixed ratings with a Sell from Goldman Sachs and a Buy from Deutsche Bank.
The high dividend yield is attractive, but the recent net loss and a Sell rating from a high-accuracy analyst suggest potential downside risk in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dow Inc. has a dividend yield of 5.69% and reported a sales decline in Q3 but exceeded sales expectations. The stock was downgraded by Argus Research but upgraded by JP Morgan.
The dividend yield is solid, and beating sales consensus is positive, but the downgrade by Argus Research could temper short-term gains.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Southern Copper Corporation offers a 5.70% dividend yield and its stock has gained 14% year-to-date. Analyst ratings are mixed with an Equal-Weight from Morgan Stanley and a Sell from Goldman Sachs.
The positive year-to-date gain and high dividend yield are encouraging, but investors should be cautious of the recent Sell rating from Goldman Sachs.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75