New York Community Bancorp also offers annuities, life and long-term care insurance products and mutual funds; cash management products; and online, mobile and phone banking services. It primarily serves individuals, small and midsize businesses, and professional associations through a network of 237 community bank branches and 340 ATM locations.
Shareholders receive a 7.08% dividend. The BofA Securities $10 price target is less than the $12 consensus target on New York Community Bancorp stock. Shares closed at $9.61 on Tuesday.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play and, the company also is looking to employ variable dividends. Pioneer Natural Resources Co. (NYSE: PXD) operates as an independent oil and gas E&P company in the United States.
The company explores for, develops and produces oil, NGLs and natural gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs and 462 billion cubic feet of gas, and it owned interests in 11 gas processing plants.
Pioneer production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.
Pioneer is a huge player in the Permian basin and the Eagle Ford in Texas, and the company owns more than 20,000 locations in the world’s second-largest oil reservoir in the Midland Basin. With a stellar balance sheet, the company is poised to remain a top player in the Permian, as it expects to deliver solid production growth in 2022 and beyond.
The 8.13% dividend may vary from quarter to quarter. The Pioneer Natural Resources target price at Barclays is $339. The consensus target is just $299.53, and Tuesday’s final trade was reported at $214.47.
While a few of these companies are somewhat off the radar, all the stocks offer investors outstanding entry points, some of the biggest dividends, and have a reasonably strong moat around their businesses. Buying stocks that will pay dependable dividends until the current economic mess is sorted out makes total sense now.
Note that Devon and Pioneer Natural Resources are using variable dividend programs, so their big dividends could be lower at some juncture. The other five will pay consistent and, in most cases, well above average dividend yields that are very dependable.
Originally posted at 24/7 Wall St.
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