Top Wall Street analysts recommend these dividend stocks for stable income

November has been quite volatile, with the high valuations of artificial intelligence stocks and expectations of an interest rate cut in December impacting investor sentiment. Those seeking stable income in this uncertain backdrop can consider strengthening their portfolios by adding some dividend paying stocks.

Given the vast universe of dividend stocks, selecting the attractive ones could be challenging. In this regard, recommendations of top Wall Street analysts can help in decision-making, as their selection is based on in-depth analysis and thorough research.

Here are three dividend-paying stocks, highlighted by Wall Street’s top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance.

MPLX (MPLX) is a master limited partnership that owns and operates midstream energy infrastructure and logistics assets and offers fuel distribution services. The company announced a third-quarter distribution of $1.0765 per common unit, reflecting a 12.5% year-over-year growth. At an annualized distribution of $4.31 per unit, MPLX offers a yield of 8.03%.

In a recent research report, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock and raised the price target to $60 from $58. In comparison, TipRanks’ AI Analyst has an “outperform” rating on MPLX stock with a price target of $59.

“We continue to view MPLX as one of the most compelling income plays among large-cap MLPs with an attractive current yield of ~8% and plans to grow further,” said Scotto.

The top-rated analyst expects MPLX to deliver higher EBITDA (earnings before interest, taxes, depreciation, and amortization) growth from 2025 to 2026 compared to the prior year, driven by the scale-up of key projects like the Secretariat processing plant, the Titan sour gas treatment expansion, and the BANGL pipeline system.

Additionally, Scotto is optimistic about MPLX delivering mid-single-digit EBITDA growth beyond 2026, driven by contributions from the Eiger pipeline and its Gulf Coast fractionation and export facilities, along with potential mergers and acquisitions. While Scotto slightly reduced her 2025 and 2026 adjusted EBITDA estimates following the Q3 results, she continues to expect MPLX to achieve its mid-single-digit annual growth target.

Meanwhile, Scotto maintained her distribution per unit estimates and expects a 12.5% rise in 2026, followed by an incremental 12.5% hike in 2027, in line with the company’s distribution growth target.

Scotto ranks No. 333 among more than 10,100 analysts tracked by TipRanks. Her ratings have been profitable 64% of the time, delivering an average return of 11.4%.

Another dividend-paying energy stock in this week’s list is ConocoPhillips (COP). Earlier this month, the oil and gas exploration and production company announced an 8% hike in its fourth-quarter dividend to $0.84 per share, payable on December 1. COP stock offers a dividend yield of 3.65%.

Following meetings with ConocoPhillips CEO Ryan Lance, Piper Sandler analyst Ryan Todd reiterated a buy rating on COP stock with a price target of $115. TipRanks’ AI Analyst is also bullish on ConocoPhillips stock and has assigned an “outperform” rating with a price target of $96.

“In terms of resource depth and diversity, we see COP as better positioned than any company in our coverage universe,” said Todd. He highlighted that ConocoPhillips has an industry-leading 22 years of drilling inventory, along with strong growth from LNG and U.S. conventional projects over the next four years. Todd contends that the market may still be underestimating COP’s growth prospects beyond 2030, with massive growth potential across U.S. L48, Alaska, Norway, and Surmont and Montney in Canada.

Todd is also impressed with ConocoPhillips’ cost reduction efforts. He highlighted that COP has reduced adjusted operating costs by 8% or $900 million since 2024, with the 2026 outlook indicating another $400 million in cost reductions.

Also, high-quality assets and lower costs are driving peer-leading free cash flow (FCF) growth for COP through 2030, with FCF/share estimated to grow at a compound annual growth rate (CAGR) of 12% from 2025 to 2030 at $70/bbl Brent, higher than the peer average of 8%. While investors worry that most growth comes after the contribution from the Willow project starts in 2029, Todd contends that near-term catalysts are likely underestimated. Todd estimates pre-Willow FCF/share to grow by 6% per year from 2025 to 2028, which still makes COP rank third among peers.

Todd ranks No. 716 among more than 10,100 analysts tracked by TipRanks. His ratings have been successful 58% of the time, delivering an average return of 8.4%. 

Finally, we look at tech giant IBM (IBM), which returned $1.6 billion to shareholders in the third quarter via dividends. With a quarterly dividend of $1.68 per share (annualized dividend of $6.72 per share), IBM offers a yield of 2.22%.

Following a meeting with the management, Evercore analyst Amit Daryanani reiterated a buy rating on IBM stock with a price target of $315. TipRanks’ AI Analyst has an “outperform” rating on IBM stock with a price target of $349.

Among the key takeaways, Daryanani highlighted that despite the uncertainties related to tariffs, interest rates, inflation, and geopolitics, management is optimistic about the broader macro backdrop and expects tech spending to be 2 to 3 points ahead of GDP growth. Over the medium term, IBM expects to sustain mid-single digit annual growth in its top line, driven by about 10% growth in the software business, better than-market growth in Consulting, and 1% to 3% increase in the Infrastructure segment revenue.

The top-rated analyst also noted IBM’s business transformation over the past five years, including the Red Hat acquisition and divestiture of GTS and other non-core assets. This transformation has helped IBM grow consistently with solid free cash flow and expansion in pre-tax income margin.

Furthermore, Daryanani also discussed management’s optimism about enterprise AI and a massive opportunity in the quantum space. “We see multiple vectors for growth over the medium term,” concluded Daryanani.

Daryanani ranks No. 187 among more than 10,100 analysts tracked by TipRanks. His ratings have been profitable 61% of the time, delivering an average return of 16.5%.