3 ‘Strong Buy’ Dividend Aristocrat Stocks on Analysts’ Radar

Nucor (NUE), Linde (LIN), and Walmart (WMT) are three Dividend Aristocrat stocks, each rated a Strong Buy by Wall Street analysts, according to TipRanks’ Dividend Aristocrats tool. Linde offers a 1.21% dividend yield, but Nucor leads the group with its 21% upside potential.

Dividend Aristocrats are S&P 500 members that have raised their dividends every year for at least 25 consecutive years. This type of stock offers investors a way to earn steady cash from their investment.

Why These 3 Dividend Aristocrats Are Top Picks

According to Wall Street analysts, the three stocks listed below are worth buying.

Be sure to click any ticker to research the stock thoroughly before deciding whether to add it to your portfolio. Here are today’s top Dividend Aristocrat stock picks from TipRanks.

1. Nucor (NUE) — Nucor is the biggest steel producer in the U.S. The company makes steel, sheets, reinforcing bars, and joists. The firm currently has a dividend payout ratio of 14.26%. Nucor paid 56 cents per share in its last dividend, with a yield of 0.91%. Its shares carry a Strong Buy consensus rating from eleven Wall Street analysts who cover it. This comes with an average price target of $298.55, which implies about 21% upside.
2. Linde (LIN) — Linde is an Irish industrial gases and engineering company. The firm is the world’s leading industrial gas supplier. Linde processes atmospheric gases such as oxygen, nitrogen, and argon. Beyond supplying industrial gases, the firm also designs and builds complete processing facilities. Linde is also involved in the quantum computing industry. It provides ultra-low-temperature cooling systems for quantum computers. The firm currently has a 41.84% payout ratio. Linde paid $1.60 per share in its last dividend issuance, with a dividend yield of 1.21%. LIN stock currently has a Strong Buy consensus rating from 15 Wall Street analysts. This is based on an average price target of $567.71, implying about 10% upside potential.
3. Walmart (WMT) — Walmart is an American retail giant. It is currently the world’s second-largest company by sales and revenue. Walmart operates retail chains, warehouse clubs, supermarkets, and hypermarkets. The firm paid 25 cents per share in its last dividend issuance, with a dividend yield of 0.77%. Its shares currently boast a Strong Buy consensus rating from 31 Wall Street analysts. This comes with an average price target of $129.19, indicating about 3% upside.

More on Dividend Aristocrats

Some observers also treat recent spin-offs as dividend aristocrats if their parent companies meet the required track record, effectively granting the offshoot the parent’s dividend history.

Interested in More Dividend Aristocrat Stocks?

To find more stocks like these, take a look at TipRanks’ Dividend Aristocrats tool.

The page provides an exhaustive list of all dividend aristocrats, including their most recent dividend yields, previous dividend amounts, payout ratios, and other details.