5 Top Goldman Sachs Stock Picks Pay Big Dividends (One Yields Over 6%)

Goldman Sachs' August Conviction List features five high-yield dividend stocks with yields ranging from 2.57% to 6.39% and strong upside price targets.

UPS yields 6.39% and holds a Goldman Sachs $132 price target implying 29% upside, even while cutting its Amazon shipping volume in half.

TSN carries Goldman Sachs' steepest upside target at 33%, while TPG pairs a 30.7% price target gain with a 4.31% dividend yield.

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Goldman Sachs is a leading investment firm on Wall Street and worldwide. Its research team continues to deliver the best ideas for institutional and high-net-worth clients across the investment spectrum, and we expect it to do so for years to come. Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 36th on the Fortune 500 list of the largest U.S. corporations by total revenue.

The Wall Street firm offers financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It also provides investment advice, portfolio management, and trade execution for institutions and individuals across public and private markets. At 24/7 Wall St., we have followed the company's research for 15 years to bring our readers top stock ideas. One of our favorite avenues is the firm's Conviction List of top picks, which we review and often update monthly. We screened the August Conviction List for the highest-yielding stocks among its top picks. Five look like outstanding ideas not only to generate passive income but also to deliver strong total return potential.

Why Do We Cover Goldman Sachs Conviction List Dividend Stocks?

The Goldman Sachs Conviction List is a curated list of stocks that the firm's research team believes are highly likely to outperform the market. It's a tool for investors to identify stocks with strong growth potential and is frequently updated to reflect changes in market conditions and company performance. The list aims to identify stocks where Goldman Sachs analysts have the "highest level of conviction" in their outperformance.

United Parcel Service ( NYSE: UPS ) announced last year that it would cut its shipping volume for e-commerce giant Amazon ( NASDAQ: AMZN ) by more than 50% by the second half of 2026, part of UPS's broader strategy to focus on more profitable, less risky business segments. The delivery giant remains one of the best ideas among the top dividend picks, with a dividend yield now at 6.43%.