Wall Street Analysts Back These 3 Dividend Stocks Amid Market Volatility

As market volatility continues to affect investors' decisions, dividend stocks can provide a stable source of income. Top Wall Street analysts recommend three such stocks for steady returns.

Chevron (CVX) is one of these picks, with a quarterly dividend payment of $1.78 per share and an annualized dividend of $7.12 per share. This translates to a dividend yield of about 3.5%. Goldman Sachs analyst Neil Mehta reiterated his buy rating on CVX after meeting with senior leadership, citing the company's focus on international exploration projects in Latin America, the Middle East, West Africa, and the Eastern Mediterranean.

Mehta specifically mentioned Chevron's efforts to deploy new technologies, such as artificial lift optimization, AI, and machine learning, to boost recovery by about 10% in new wells. He also noted that capital spending per barrel in U.S. shale is projected to fall 25% in 2026.

Another recommended stock is Enterprise Products Partners (EPD), a master limited partnership providing midstream energy services. With a quarterly cash distribution of 56 cents per common unit and an annualized dividend of $2.24, EPD offers a yield of about 6%. RBC Capital analyst Elvira Scotto reiterated her buy rating on EPD after meeting with the company's leadership.

Scotto highlighted the partnership's diverse asset base, which ensures stable cash flows, and its ability to profit from spot cargo sales. She also noted that EPD has a multi-year organic growth backlog providing visibility into long-term distribution growth.