00:00 During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding
00:04 stocks. These are often companies that have high free cash flows and reward shareholders
00:09 with a high dividend payout. Here's a look at the most recent high yield dividend stock
00:13 ratings from the most accurate Wall Street analysts according to Benzinga's analyst stock
00:17 ratings.
00:18 First up is Xerox, ticker XRX, which pays out a dividend yield of 7.49%. JP Morgan analyst
00:26 Submic Chatterjee maintained an underweight rating and cut the price target from $16 to
00:31 $15 on October 25, 2023. The analyst does have an accuracy rate of 72%. In recent news,
00:39 Xerox reported mixed third quarter financial results and cut revenue guidance as well.
00:44 Next we have Atrean, ticker ADTN. Atrean offers a dividend yield of 6.63%. Argus research
00:51 analyst Jim Keller maintained a buy rating and cut the price target from $30 to $16 on
00:57 May 15, 2023. This analyst does have an accuracy rating of 75%. Atrean recently reported mixed
01:04 results for third quarter and also issued fourth quarter revenue guidance below estimates.
01:10 And finally we have Ericsson, ticker ERIC, which offers a dividend yield of 5.47%. JP
01:18 Morgan analyst Sandeep Deshpande maintained an overweight rating and cut the price target
01:22 from $8.30 to $7.78 on October 18, 2023. The analyst has an accuracy rating of 70%. In
01:31 recent news, the company reported a sales decline of 5% year-on-year, which was $5.96
01:37 billion, which missed the consensus of $6.27 billion.
01:41 And remember, Benzinga readers can review the latest analyst takes on their favorite
01:44 stocks by visiting the analyst stocks rating page on Benzinga.com. Traders can sort through
01:49 Benzinga's extensive database of analyst ratings, included by analyst accuracy, to
01:54 help them make better trading and investment decisions.
