KNTK Dividend Stock Offers 7% Yield Amid Fed Rate Hike Hints
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowKinetik Holdings (KNTK) offers a quarterly dividend of 81 cents per share, which equates to an annualized dividend of $3.24 per share and a yield of approximately 7%. RBC Capital's Elvira Scotto increased her price target for KNTK from $50 to $53 due to expected growth from the KL2 project and sour gas opportunity in New Mexico. Analyst ratings have shown a 68% success rate, contributing to an average return of 16%. Additionally, SLB (SLB) announced a quarterly cash dividend of nearly 30 cents per share, yielding 2.5%, with a price target of $63 from Goldman Sachs.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Schlumberger Limited (SLB)
SLB (Schlumberger) is the world’s largest oilfield-services company.
The Energy sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
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