Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Analysts are bullish on three well-known Dividend Aristocrats, forecasting upside potential as high as 25%. NextEra Energy Inc. (NYSE:NEE), Chevron Corp. (NYSE:CVX), and Exxon Mobil Corp. (NYSE:XOM) have all received recent positive analyst coverage and rating reaffirmations.

NextEra Energy

• Dividend Yield: 3.11%

• YTD Performance: +7.5%

On April 22, 2024, Morgan Stanley maintained an “Overweight” rating on NEE and raised their price target from $77 to $79, implying a 19.4% upside from the current price. NextEra reported solid Q1 2024 results on April 23, with adjusted EBITDA of $462 million. The company remains focused on executing its transition plans and delivering 6% distribution growth through at least 2026. NEE has a strong dividend growth history, increasing its payout for over 25 consecutive years.

Check out: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.

Chevron

• Dividend Yield: 4%

• YTD Performance: +9%

Piper Sandler reiterated an “Overweight” rating on Chevron on April 18, 2024, lifting their price target from $180 to $204, suggesting a 25.3% upside. Chevron has consistently raised its dividend for 35 years, securing its Dividend Aristocrat status. The company is slated to report Q1 earnings on April 26, with analysts expecting flat revenue growth but a decline in adjusted EPS due to tougher year-over-year comparisons.

Exxon Mobil

• Dividend Yield: 3.14%

• YTD Performance: +18%

Exxon also received an “Overweight” rating from Piper Sandler on April 18. The firm boosted their price target on XOM from $130 to $145, indicating a 20.1% upside from current levels. Exxon will report Q1 results on April 26 as well, with the Street anticipating a 7% drop in revenue and a 23% decrease in EPS. However, analysts remain optimistic about Exxon’s long-term prospects. The oil giant has raised its dividend for 40 straight years.

While the broader market remains volatile, these three Dividend Aristocrats offer an attractive combination of income, stability, and upside potential according to Wall Street analysts.

Looking for Higher Yield Opportunities?

It would take an investment of over $38,000 just to earn $100 per month from NextEra Energy's dividend. Turning to higher-yield dividend stocks often comes with more volatility and greater downside risk, which is why a growing number of yield-hungry investors are turning to private market opportunities.

Two attractive options right now are on the EquityMultiple platform. The company has a strong track record, closing over $500M into $47B+ of commercial real estate across more than 185 offerings. 86 exited assets generated a net IRR of 17% for investors.

Alpine Notes

EquityMultiple’s Alpine Notes are short-term cash management tools that offer investors competitive yields over 3, 6 or 9-month terms. The proceeds from Alpine Notes are used to pre-fund investments on the EquityMultiple platform, typically held for less than 60 days. This process helps attract stronger operators and investments to the platform.

Key features of Alpine Notes:

• Target APYs of 6.00%, 7.05%, and 7.4% for 3, 6, and 9-month terms, respectively

• First-Loss Protection, with EquityMultiple investing in a subordinate position to investors

• Liquidity options, with the ability to redeem early after a 30-day holding period to invest in another EquityMultiple offering (some exclusions apply)

• Automatic rollover for easy reinvestment at maturity

See how much you could be earning with Alpine Notes.

Ascent Income Fund

The Ascent Income Fund is a diversified real estate debt fund designed to capitalize on the current market opportunity created by rising interest rates and reduced lending competition. The Fund primarily focuses on first-lien debt investments in the middle market, aiming to mitigate risk and provide stable returns through diversification across borrowers, geographies and property types.

Key highlights of the Ascent Income Fund:

• 11-13% target net return, with quarterly income distributions or automatic dividend reinvestment.

• Liquidity options are available one year after the investment.

• Simplified tax reporting through a REIT structure, with potential tax benefits for individual investors and trusts.

• EquityMultiple’s co-investment of $10M, aligning interests with investors.

Learn more about the Ascent Income Fund.

EquityMultiple’s Alpine Notes and Ascent Income Fund provide investors with additional income opportunities, offering attractive yields, diversification and the potential for enhanced returns. As always, investors should carefully review the offering documents and consider their individual financial goals and risk tolerance before making any investment decisions.

This article Analysts Predict 20%+ Upside For These 3 Dividend Aristocrats originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.