Investing

6 Goldman Sachs Top Stock Picks Also Pay Big-Time Dependable Dividends

Pepsi’s North America Beverages segment offers beverage concentrates, fountain syrups and finished goods under the Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Tropicana Pure Premium, Sierra Mist and Mug brands, as well as ready-to-drink tea and coffee, and juices.

Shareholders receive a 2.74% dividend. Goldman Sachs has set a $170 price target on PepsiCo stock. The consensus target of $156.65 is close to the most recent close at $156.81.

Raytheon Technologies

This stock has rallied smartly off its 52-week low but still offers perhaps the best value in the defense and aerospace sector. Raytheon Technologies Corp. (NYSE: RTX) is an industry leader in defense, government electronics, space, information technology and technical services.

With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.

In 2019, United Technologies and Raytheon agreed to merge their businesses to create a new aerospace and defense powerhouse. The two companies received unanimous approval from their respective boards, and the merger is finally complete, with the new company now called Raytheon Technologies.

Shareholders receive a 2.33% dividend. The Goldman Sachs price objective is $104. The consensus for Raytheon Technologies stock is $98.59. The shares closed at $87.65 apiece on Thursday.

Realty Income

This is an ideal stock for growth and income investors looking for a safer idea for the rest of 2021. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income.

The company is structured as a real estate investment trust, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.

To date, the company has declared 604 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 108 times since its public listing in 1994.

Realty Income stock investors receive a 4.02% distribution. The $84 Goldman Sachs price objective compares with a $75.17 consensus figure and with the $70.22 close on Thursday.


These six top stock picks on Goldman Sachs Americas Conviction List all pay dividends that are much higher than the 30-year U.S. Treasury bond. While not guaranteed as the bond is, they probably offer more safety in a rising interest rate environment. All offer great total return potential and less potential volatility in a very overbought stock market that may be poised for a long-needed correction.

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