In times of market turbulence, investors often gravitate towards dividend-yielding stocks. These companies, known for their strong free cash flows, provide shareholders with a generous dividend payout.

For those following the financial sector closely, the perspectives of Wall Street’s most accurate analysts can shed light on the performance of high-yielding stocks.

Let’s take a closer look at the latest views of renowned analysts on three prominent financial companies with dividend yields exceeding 6%.

Main Street Capital Corporation (MAIN)

• Dividend Yield: 6.04%
• Truist Securities analyst Mark Hughes held a Hold rating and raised the price target from $43 to $45 on Feb. 26, 2024. With an impressive accuracy rate of 84%, Hughes delivers insightful analysis.
• RBC Capital analyst Kenneth Lee maintained an Outperform rating and increased the price target from $46 to $48 on Jan. 22, 2024, boasting a solid accuracy rate of 65%.
• Recent Development: Main Street Capital reported positive quarterly earnings on Feb. 22, further buoying investor confidence.

New York Community Bancorp, Inc. (NYCB)

• Dividend Yield: 6.21%
• Raymond James analyst Steve Moss downgraded the stock from Market Perform to Underperform on March 18, 2024. Despite Moss’s 60% accuracy rate, his insights remain crucial.
• Keefe, Bruyette & Woods analyst Christopher Mcgratty retained a Market Perform rating and reduced the price target from $7.5 to $3.75 on March 11, 2024, showcasing a 66% accuracy rate.
• Recent Development: On March 6, New York Community Bancorp secured a significant equity investment exceeding $1 billion from key investors, including Liberty Strategic Capital, Hudson Bay, and Reverence Capital.

Starwood Property Trust, Inc. (STWD)

• Dividend Yield: 9.65%
• Wells Fargo analyst Donald Fandetti stood by an Outperform rating and upped the price target from $21 to $22 on Feb. 23, 2024, backed by a commendable 70% accuracy rate.
• JP Morgan analyst Richard Shane maintained an Overweight rating and raised the price target from $20.5 to $21 on the same day, boasting a respectable 67% accuracy rate.
• Recent Development: Anticipating eagerly, Starwood Property Trust announced the release of its first quarter 2024 financial results scheduled for May 8, 2024.

Dive Deeper: Investor sentiment wavers slightly; Investors await crucial inflation data