Dividend picks by SA analysts: PFE, DVN, SBUX and LOW

The temperament on Wall Street is mixed at the moment, split between analysts believing that the next leg up in a bull market is set to take place and others forecasting a bearish move lurking around the corner. For investors looking for more safety, dividend picks can act as a strong source of security and income.

While the dividend universe is vast, Seeking Alpha analysts have recently spotlighted some big-name companies as protentional dividend picks: Pfizer (NYSE:PFE), Devon Energy (NYSE:DVN), Starbucks (NASDAQ:SBUX), and Lowe's Companies (NYSE:LOW). See what SA analysts had to say below about each of these names:

Pfizer (PFE)

Paul Franke in Pfizer: Best Trading Momentum Since 2021 And 6% Yield: “Pfizer has been a losing investment for several years, but stronger trading momentum is starting to appear… An easily covered and safety-minded 6% dividend yield is very attractive today. PFE stock could prove one of the smartest defensive plays to own the rest of 2024 and into 2025.”

Devon Energy (DVN)

Leo Nelissen in Devon Energy Believes It Offers 'Incredible Value' - I Agree: “While this is a very low dividend, I have little doubt that the company will find the right balance between buybacks and dividends, making the stock a great investment for both income-focused investors and the ones who like buybacks.”

Starbucks (SBUX)

Jason Fieber in Starbucks: A Profitable Blue Chip Dividend Growth Stock: “Starbucks has increased its dividend for 14 consecutive years. The 10-year dividend growth rate of 17.1% shows how generous Starbucks has been with its dividend raises, although more recent dividend increases have slowed into a high single-digit range.”

Lowe's Companies (LOW)

Harvesting Dividends in Lowe's Among 9 Companies To Announce Dividend Increases In Second Half Of May: “Along with boosting its dividend, the company returns free cash flow to investors through stock buybacks; since 2019, the company has repurchased 25% of its outstanding shares.”

Additionally, investors looking for a more diversified approach to dividend investing, here are some of Wall Street's largest dividend focused ETFs:

• Vanguard Dividend Appreciation ETF (VIG).
• Vanguard High Dividend Yield Index ETF (VYM).
• Schwab US Dividend Equity ETF (SCHD).
• iShares Core Dividend Growth ETF (DGRO).
• SPDR S&P Dividend ETF (SDY).
• iShares Select Dividend ETF (DVY).