In this article WMT JPM NOG Follow your favorite stocks CREATE FREE ACCOUNT Walmart trailers sit in storage at a Walmart Distribution Center in Hurricane, Utah on May 30, 2024. George Frey | Afp | Getty Images Dividend-paying stocks can enhance investors' portfolio returns and provide certainty in shaky markets. Investors can track Wall Street analysts' ratings to select stocks of dividend-paying companies that have attractive growth prospects, which could boost earnings and cash flows to support higher dividends.
Here are three attractive dividend stocks , according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Northern Oil and Gas This week's first dividend stock is Northern Oil and Gas ( NOG ). The company engages in the acquisition, exploration and production of oil and natural gas properties, mainly in the Williston, Permian and Appalachian basins.
NOG paid a dividend of 40 cents per share for the first quarter, reflecting an 18% year-over-year increase. The stock offers a dividend yield of 4.1%.
The company also enhanced shareholder returns through stock buybacks worth $20 million in Q1 2024. NOG recently announced an agreement to acquire a 20% undivided stake in the Uinta Basin assets of XCL Resources for $510 million. The deal will be made in partnership with SM Energy.
Reacting to the news, RBC Capital analyst Scott Hanold reiterated a buy rating on NOG stock with a price target of $46. Following discussions.
