Investors disappointed with tepid bond yields have been hunting for income in the stock market - boosting to near record highs the outperformance of dependable dividend paying companies and going beyond those usual suspects to corners of the market not typically known for their payouts. In doing so, investors may be taking on added risk, analysts are warning. "Stocks with the highest dividend yields could continue to attract a disproportionate amount of assets," she said, recommending that investors focus on high-yielding companies in sectors such as telecommunications and technology that could comfortably cover their dividends and weren't overpriced.
- Market Realist•yesterday
Of the 31 analysts covering Seagate Technology (STX) stock, six have given it “buy” recommendations, four have recommended a “sell,” and 21 have recommended a “hold.”
Seagate Technology plcNasdaqGS
After hours: 31.70-0.90 (-2.76%) as of 7:22 PM EDT
|Bid||31.59 x 100|
|Ask||31.59 x 100|
|52wk Range||18.42 - 52.88|
|Day's Range||31.76 - 32.63|
|Avg Vol (3m)||7,300,001|
As of 4:00 PM EDT. Market closed.