Three dividend stocks are receiving positive predictions from top Wall Street analysts.

To generate a consistent income in these volatile markets, investors may want to consider incorporating some appealing dividend stocks into their investment portfolios.

To choose the best dividend stock, investors must examine a company's financials and its capacity to maintain its dividend payouts. Following the advice of top Wall Street analysts can help investors increase their returns by selecting dividend stocks that are recommended.

According to TipRanks, Wall Street's top experts have identified three lucrative dividend stocks.

Brookfield Infrastructure Partners

This week, the first dividend stock is (BIP), which manages a diverse collection of assets across various sectors, including utilities, transport, midstream, and data.

On Dec. 29, 2023, Brookfield distributed $0.3825 per unit, representing a 6% year-over-year increase. This equates to an annualized dividend yield of 4.9%.

Devin Dodge, a BMO Capital analyst, recently reaffirmed his buy rating on BIP stock and named it one of his top investment ideas for 2024. He increased the price target from $38 to $40, taking into account the impact of moderating long-term interest rates on his valuation methods. Dodge finds BIP's valuation attractive and predicts that the company will experience more than 6% growth in its annual distribution.

The analyst anticipates BIP to experience a significant increase in funds from operations due to the potential for key growth drivers to generate a low double-digit increase this year and potentially beyond. In contrast to management's projection of FFO/unit growth of over 12% in the next one to three years, the analyst believes there is potential for an upside surprise.

Brookfield has a robust pipeline of new investment opportunities that are expected to yield returns above the company's target range of 12% to 15%.

He stated that in our opinion, BIP presents a compelling risk/reward due to its double-digit FFO/unit growth, attractive yield, and robust acquisition pipeline, along with a potential rerating opportunity.

Among more than 8,600 analysts tracked by TipRanks, Dodge ranks No. 576. His ratings have been profitable 70% of the time, with each delivering an average return of 10.1%. (See BIP Insider Trading Activity on TipRanks)

KeyCorp

The regional bank (KEY) reported a significant drop in its Q4 earnings due to charges associated with a special assessment from the Federal Deposit Insurance Corporation and other one-time items.

The bank paid out a dividend of $0.205 per share for the first quarter of 2024, which translates to a yield of 5.6%.

Gerard Cassidy, an RBC Capital analyst, stated that KeyCorp's earnings per share surpassed both his expectations and the consensus estimate when excluding one-time charges. He then reiterated his buy rating on KEY stock and raised the price target from $13 to $15.

The analyst pointed out that the bank's net interest income guidance has been inconsistent, causing stock volatility. However, he believes that as investors focus on credit quality in the next 12 to 18 months, the bank will excel due to its conservative credit management over the past five years.

In the fourth quarter of 2023, KeyCorp's capital remained strong, with its estimated common equity tier one ratio increasing to 10% from 9.8% in Q3 2023 and 9.1% in the comparable quarter of 2022.

The analyst stated that KEY will remain well capitalized, and we anticipate higher levels of capital return later this year and into 2025.

TipRanks tracks more than 8,600 analysts, and Cassidy ranks 122nd. His ratings have been successful 62% of the time, with each delivering an average return of 15.2%. (See KeyCorp Financial Statements on TipRanks)

OneMain Holdings

This week's third dividend stock is (OMF), a financial services company that caters to the needs of non-prime customers who may have limited access to traditional lines of credit. OMF offers an attractive yield of over 8% with a quarterly dividend payment of $1 per share.

Deutsche Bank analyst Mark DeVries has given OMF stock a buy rating with a price target of $68, highlighting the company's robust business model.

The analyst believes that the recent period of high inflation was a "mini recession" for OneMain Financial's target group of lower-income borrowers. This suggests that the company has already experienced a round of credit deterioration and stricter underwriting. According to the analyst, this puts OneMain in a position to benefit from an improving credit environment in the second half of 2024.

If unemployment rises, the multiple may feel pressured, but we believe earnings power and one of the higher dividend yields will remain strong, according to DeVries.

Despite having a high dividend yield, OneMain still has excess cash and is considering buying smaller companies through tuck-in acquisitions, such as the recently announced Foursight Capital deal.

DeVries believes that OMF's expansion into newer markets, such as credit card (TAM of $550 billion) and auto (TAM of $600 billion), is crucial for continued growth, given that the company has already penetrated the non-prime personal loan space, which has a total addressable market of $100 billion.

Among more than 8,600 analysts tracked by TipRanks, DeVries ranks No. 149. His ratings have been profitable 62% of the time, with each delivering an average return of 15.9%. (See OneMain Holdings Hedge Fund Activity on TipRanks)