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 .
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
Xerox Holdings Corporation (NYSE:XRX)
- Dividend Yield: 5.93%
- JP Morgan analyst Samik Chatterjee maintained an Underweight rating and raised the price target from $16 to $18 on Jan. 26, 2024. This analyst has an accuracy rate of 71%.
- Credit Suisse analyst Shannon Cross maintained an Underperform rating and boosted the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 76%.
- Recent News: On April 2, Xerox announced new partnership with PBS Group in Peru and Ecuador.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
- Dividend Yield: 5.11%
- JP Morgan analyst Sandeep Deshpande downgraded the stock from Overweight to Neutral on Nov. 30, 2023. This analyst has an accuracy rate of 75%.
- Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.
- Recent News: Ericsson announced that on March 28, 2024, the US Department of Justice has certified that its anti-corruption compliance program has satisfied requirements and is functioning effectively.
Methode Electronics, Inc. (NYSE:MEI)
- Dividend Yield: 4.47%
- Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9, 2024. This analyst has an accuracy rate of 61%.
- Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 75%.
- Recent News: On April 8, Methode Electronics said CFO Ronald Tsoumas is retiring from the company, effective July 12, 2024.
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