12 Best S&P 500 Stocks to Buy for Dividends

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6. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 64

Dividend Yield as of June 23: 5.13%

Next on our list of the Best S&P 500 Dividend Stocks is Accenture plc (NYSE:ACN). The company provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

On June 21, JPMorgan lowered its price objective on Accenture plc (NYSE:ACN) from $201 to $179, but maintained its ‘Overweight’ rating on the shares. The revised target still reflects a significant upside of over 43% from the current price level.

The move comes after Accenture plc (NYSE:ACN) reported mixed results for its Q3 2026 on June 18. The company suffered a $400 million hit to its Middle East business from the war during the quarter and warned of “more impact in the fourth”. Notably, the IT consulting giant also cut its revenue growth guidance for FY 2026 to between 3% and 4%, down from its previously forecasted range of 4% to 5%, and below ​analysts’ average estimate of $18.47 billion.

Accenture plc (NYSE:ACN) has fallen by almost 25% over the last week, and JPMorgan attributed the decline to lower revenue growth and higher inorganic investments. That said, while the analyst firm trimmed its price target on ACN, it believes that the recent stock selloff has been “harsh”.

While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACN and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best S&P 500 Stocks to Buy for Dividends.

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