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November has been quite volatile, with the high valuations of artificial intelligence stocks and expectations of an interest rate cut in December impacting investor sentiment. Those seeking stable income in this uncertain backdrop can consider strengthening their portfolios by adding some dividend paying stocks.
Given the vast universe of dividend stocks, selecting the attractive ones could be challenging. In this regard, recommendations of top Wall Street analysts can help in decision-making, as their selection is based on in-depth analysis and thorough research.
Here are three dividend-paying stocks, highlighted by Wall Street’s top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance.
(MPLX) is a master limited partnership that owns and operates midstream energy infrastructure and logistics assets and offers fuel distribution services. The company announced a third-quarter distribution of $1.0765 per common unit, reflecting a 12.5% year-over-year growth. At an annualized distribution of $4.31 per unit, MPLX offers a yield of 8.03%.
