Income investors could have it all with this stock. For years, Miller Lite ran ads that featured the line "Tastes great. Less filling." Having it all appealed to beer drinkers. That general idea is attractive to income investors, too. They're accustomed to buying stocks that pay solid dividends but don't deliver much in the way of growth. But they'd love to have it all -- great dividends and significant share price appreciation.
Analysts believe that income investors just might be able to have it all. This dividend stock offers an ultra-high yield of 9.1% -- and Wall Street thinks the stock can soar 32% higher. The average analysts' 12-month price target for Devon Energy (DVN) reflects an upside potential of close to 32%. Of the 32 analysts surveyed by Refinitiv in May, 10 rate the oil stock as a "strong buy" with 13 rating the stock as a "buy." None recommend selling Devon. Devon is an independent oil and gas company that focuses on U.S. onshore drilling. It produced a record-high 320,000 barrels of oil per day in the first quarter of 2023. The stock has fallen around 20% so far in 2023 due to declining oil prices. However, this performance should be put into context: Devon's share price skyrocketed 179% in 2021 and 40% in 2022.
Source: Motley Fool
Related Articles:
- A Winning Investment Strategy
-3 Dividend Stocks With A 20% Yield In 20 Years
Dividend Growth Stocks News
- The 3 Buffett-Backed Dividend Stocks That Beat the Market in 2025 - Yahoo Finance - 7/25/2025
- 5 Dividend Stocks to Hold for the Next 20 Years - Nasdaq - 7/25/2025
- 5 Dividend Stocks to Hold for the Next 20 Years - MSN - 7/25/2025
- 5 Dividend Stocks to Hold for the Next 20 Years - The Motley Fool - 7/25/2025
- India’s Best High Dividend Stocks Automated Stock Picking System - Superior return velocity - PrintWeekIndia - 7/25/2025
- Duke Energy (DUK) Dividend Stock Analysis - 7/25/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
- Emerson Electric Co. (EMR) Dividend Stock Analysis - 7/11/2025
- Amgen, Inc. (AMGN) Dividend Stock Analysis - 6/27/2025
- W.W. Grainger, Inc. (GWW) Dividend Stock Analysis - 6/20/2025
This Dividend Stock Offers an Ultra-High Yield of 9.1% -- and Wall Street Thinks It Can Soar 32% Higher
Posted by D4L | Wednesday, June 14, 2023 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.