Investors value having dividend stocks in their portfolios because they provide a steady stream of income even during times of market volatility. Dividend-paying stocks can help mitigate downside risk while providing consistent returns.
Given the sheer number of stocks that offer dividends, it’s not always easy to find the right stocks. Investors can turn to top Wall Street analysts and follow their insights when selecting dividend stocks backed by strong cash flows.
Here are three dividend stocks highlighted by Wall Street’s top pros, tracked by TipRanks, a platform that ranks analysts based on past performance.
Brookfield Infrastructure Partners LP
Brookfield Infrastructure owns and operates a diversified portfolio of utility, transportation, midstream and data assets. The company recently reported first-quarter results and declared a quarterly distribution of approximately 46 cents per unit, payable on June 30. This distribution represents growth of 6% compared to the previous year. With an annual unit distribution of $1.82, BIP offers a yield of around 5%.
Following the Q1 2026 release, TD Cowen analyst Cherilyn Radbourne reiterated her Buy rating on Brookfield Infrastructure stock with a $57 price target. The analyst noted that BIP increased its FFOPU (funds from operations per unit) by 10% to 90 cents in the first quarter, in line with Street expectations.
The five-star analyst added that organic growth reached the upper end of the 6% to 9% GDP target range, supported by inflation-linked pricing, robust midstream utilization and $1.7 billion in capital spending over the trailing 12 months.
Radbourne highlighted that BIP is optimistic about achieving FFOPU growth of more than 10% this year, supported by strong investment activity and a solid start to its capital recycling efforts. So far this year, BIP has secured approximately $400 million in new investment opportunities, including the launch of an equipment leasing platform with a world-leading investment-grade OEM and a strategic partnership project with Flower energy.
Interestingly, BIP is exploring the combination with Brookfield Infrastructure Corporation. “Such consolidation should improve trading liquidity and increase GDP’s suitability for index inclusion,” Radbourne said.
Radbourne is ranked #644 among more than 12,200 analysts tracked by TipRanks. Their reviews were successful 67% of the time and delivered an average return of 13.6%. See Brookfield Infrastructure Options activity on TipRanks.
Diamondback energy
Independent oil and natural gas company Diamondback energy announced solid first-quarter results on May 4 and raised its full-year production guidance. Additionally, the company increased its base cash dividend for the first quarter of 2026 by 10% year-over-year to $1.10 per share. FANG stock offers a dividend yield of more than 2%.
Impressed by the results, Gabriele Sorbara, analyst at Siebert Williams Shank, reiterated her Buy rating on Diamondback Energy shares with a price target of $224. While he expected FANG to accelerate activity amid improving oil macroeconomics, the revised 2026 outlook was stronger than expected. Specifically, FANG increased its oil production to 2% above the high end of its previous forecast, while capex was set at the high end of the previous forecast.
The 5-star analyst added that given the improving macroeconomic situation, FANG plans to reduce its backlog of drilled but unfinished wells, known as DUC. The Company has decided to deploy five completion crews for the remainder of the year while adding two to three rigs to maintain sufficient DUC backlog and ensure operational flexibility.
Importantly, Sorbara highlighted FANG’s decision to abandon its formal goal of returning 50% of free cash flow to shareholders starting next quarter, giving the company more flexibility in using excess cash in the current oil price environment. While some investors may prefer the current fixed framework, the analyst believes FANG will continue to deliver premium returns on capital.
“We view FANG as a best-in-class player in the Permian Basin with a sustainable free cash flow yield that should remain competitive across commodity cycles,” Sorbara said.
Sorbara is ranked #243 among more than 12,200 analysts tracked by TipRanks. Its valuations were profitable 65% of the time and delivered an average return of 15.7%. See Diamondback Energy Financials on TipRanks.
Enterprise Products Partner
This week’s third dividend pick is a midstream energy services company Enterprise Products Partner. EPD announced a quarterly cash distribution of 55 cents per unit for the first quarter of 2026, payable on May 14, representing year-over-year growth of 2.8%. Based on an annualized distribution of $2.20 per unit, EPD stock offers a yield of 5.9%.
In response to the recently announced first quarter results, RBC Capital analyst Elvira Scotto reiterated her Buy rating on Enterprise Products stock with a $42 price target. The analyst noted that the company’s first-quarter EBITDA beat expectations at $2.692 billion, driven by solid natural gas marketing results. Scotto expects significant free cash flow generation and a strong balance sheet to easily cover the increase in capital expenditure guidance. It also sees upside potential for its 2027 estimates if high commodity prices continue.
Additionally, Scotto emphasized that global tailwinds, including rising Permian gas-oil ratios, known as GORs, in Texas and supply disruptions in the Middle East, are expected to benefit EPD’s diverse and integrated asset base. These tailwinds are expected to result in stronger-than-expected growth this year, exceeding EPD’s previous forecast for moderate growth. Specifically, EPD announced two new Permian natural gas processing facilities, one in Midland and the other in the Delaware Basin, with startup timelines for the third quarter of 2027 and the fourth quarter of 2027.
“We believe increasing GORs in the Permian will lead to a cycle rate of about 2 plants per year in the future, which should provide additional longer-term growth potential for EPD,” Scotto said.
Scotto is ranked #88 among more than 12,200 analysts tracked by TipRanks. Their reviews were successful 72% of the time and delivered an average return of 17.6%. See Enterprise Products Partners ownership structure on TipRanks.
