8 'Strong Buy' Analyst Favorites With Big, Dependable Dividends Are Ideal Q2 Picks

Valero also is a joint venture partner in Diamond Green Diesel, which operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant.

Valero sells its products in the wholesale rack or bulk markets in the United States, Canada, the United Kingdom, Ireland and Latin America. Approximately 7,400 outlets carry Valero’s brand names.

Investors receive a 4.10% dividend. Analysts at Raymond James have a price target of $105. The consensus target is $98.01. Valero Energy stock closed at $96.44 on Thursday.

Webster Financial

This is an off-the-radar idea in financial services that could be a big winner in a rising interest rate environment. Webster Financial Corp. (NYSE: WBS) operates as the bank holding company for Webster Bank National Association, which provides a range of banking, investment and financial services to individuals, families and businesses in the United States.

The Commercial Banking segment provides lending, deposit and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators and consumers; and trust, asset management, financial planning, insurance, retirement and investment products.

The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs.

Its HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants and financial advisors.

Investors receive a 2.80% dividend. The Raymond James target price is $73. Webster Financial stock has a $72.10 consensus target, and shares closed on Wednesday at $57.81 a share.

None of these stocks are likely to make any massive parabolic moves higher soon, but they are all safer ideas for nervous investors concerned about the potential for inflation to wreak havoc on the economy. Plus, we focused on energy, real estate, banking and health care, all are sectors that should still thrive in the current inflationary environment. Note that REIT distributions can contain return of principal.

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