In this article, we will take a look at Goldman Sachs Dividend Stocks: Top 14 Stock Picks.
On February 24, CNBC reported that Goldman Sachs sees the stock market as the biggest near-term risk to the US economy. The firm is less concerned about inflation or interest rates at this stage. Instead, it believes a sharp drop in equities could have a more immediate effect on economic growth.
Goldman still expects the economy to grow 2.5% in 2026. That outlook is supported by fiscal stimulus, easier monetary policy, and reduced tariff pressures. But this forecast assumes markets remain relatively steady. A meaningful sell-off could weaken that momentum. The firm said even a modest correction could have measurable effects. A 10% decline in the stock market could reduce GDP growth by about 0.5 percentage points. A deeper 20% drop could lower growth by nearly a full percentage point. This is tied to the “wealth effect,” where rising stock prices encourage spending, while falling markets tend to slow it.
This dynamic is especially important among higher-income households. They account for nearly half of all consumer spending. When their portfolios lose value, spending often pulls back, and that can ripple through the broader economy.
Goldman noted that a market correction alone may not trigger a recession. The risk increases if it happens alongside other economic pressures. The firm also pointed out that market pullbacks have historically been more severe during midterm election years, making equity market stability an important factor to watch.
Given this, we will take a look at some of the best Goldman Sachs dividend stocks.
Our Methodology:
To create this list, we analyzed Goldman Sachs’ portfolio, focusing on the 13F filing for the quarter ended December 31, 2025. From there, we picked dividend companies with strong dividend histories and sound financials. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
14. Parker-Hannifin Corporation (NYSE:PH)
On February 24, Morgan Stanley raised its price recommendation on Parker-Hannifin Corporation (NYSE:PH) to $1,038 from $945. It reiterated an Equal Weight rating on the stock. The update came after analysts adjusted their model to reflect actual results and rolled forward their estimates.
Earlier, on February 9, Parker released its fiscal 2025 Sustainability Report. The report carried the theme “Purpose in Motion.” It showed how employees put the company’s purpose into practice, which it defines as Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.
The report laid out several key efforts. It explained how employees focus on safety and work to protect one another. It also described how the company partners with customers to develop cleaner technologies. These efforts aim to improve efficiency and lower emissions, water use, and waste.
The report also highlighted Parker’s involvement in communities. Employees contribute through philanthropy and volunteer work. This reflects the company’s broader focus on social responsibility, not just operations.
Parker-Hannifin Corporation (NYSE:PH) operates in motion and control technologies. The company designs and manufactures engineered solutions and provides aftermarket support. Its business runs through two main segments: Diversified Industrial and Aerospace Systems.
13. Enbridge Inc. (NYSE:ENB)
On February 19, Citi raised its price recommendation on Enbridge Inc. (NYSE:ENB) to C$77 from C$75. It reiterated a Buy rating on the stock. Analysts increased their estimates after reviewing the company’s fourth-quarter results.
On February 13, Enbridge reported a fourth-quarter profit that came in above expectations. The company also said it had approved several new projects to meet rising power demand across North America. Pipeline operators are seeing stronger demand for natural gas. This growth is tied to higher liquefied natural gas exports. Power demand is also climbing as artificial intelligence and data centers require more energy. This shift has created steady opportunities for infrastructure providers like Enbridge.
The company reported a project backlog of C$39 billion, with C$8 billion expected to enter service this year. During the quarter, Enbridge approved two renewable energy projects. One is a $1.2 billion project in Wyoming for a large tech company. The other is a $400 million onshore wind project in Texas that will support Meta Platforms’ data center operations.
Enbridge posted adjusted profit of 88 Canadian cents per share for the fourth quarter. This came in above estimates of 77 Canadian cents, based on data compiled by LSEG.
Enbridge Inc. (NYSE:ENB) operates as an energy transportation and distribution company. Its business runs across five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services.
