Global stock markets are experiencing volatility due to geopolitical tensions and concerns regarding the sustainability of AI trade. In this environment, dividend-paying stocks are being recommended as a means for investors to secure steady income.
Chevron, Kinetik Holdings, and Crescent Energy are three stocks identified by analysts from Goldman Sachs and Evercore as having strong dividend potential. Chevron (CVX) is noted for its impressive track record of increasing dividends for 39 consecutive years, currently offering a quarterly dividend of $1.78 per share, translating to a yield of 3.14%.
Analyst Neil Mehta from Goldman Sachs maintains a buy rating on Chevron with a price target of $241, citing the company's international growth prospects and expected improvements in productivity and capital efficiency. Kinetik Holdings (KNTK), a midstream company, declared a dividend of $0.81 per share, yielding 5.82%.
Analyst John Mackay also reiterated a buy rating, raising the price target to $58, anticipating higher gas volumes and improved EBITDA in the upcoming quarter. Crescent Energy (CRGY) offers a quarterly dividend of $0.12 per share, with a yield of 3.56%.
Analyst Stephen Richardson highlighted the company's strategic acquisition of Eagle Ford assets from Devon Energy, which is expected to enhance cash flow and production capabilities. Overall, these stocks are positioned to provide investors with reliable income streams amid current market uncertainties