While lacking a decades-long streak of consecutive dividend boosts like many of the best dividend stocks, Tyson Foods, Inc. (NYSE:TSN) has delivered extraordinary dividend growth over the past few years. However, short-term dividend growth by itself is not sufficient to make investors consider any equity among the market’s best dividend stocks. Nevertheless, the Tyson Food stock also delivers above-average dividend yields when compared to its industry peers. Combined with robust capital gains, Tyson Foods is a stock worth considering as it may potentially become one of the best dividend stocks in the near future.
Many of the best dividend stocks have streaks of consecutive annual dividend hikes that span decades. However, looking at Tyson Food’s track of dividend hikes over the past two decades many impel investors to easily overlook the company’s potential. After all, Tyson Foods did not pay any dividends for the first four decades of its existence. Even after initiating dividend distributions in 1976, the quarterly payout rose at a very slow pace. For the first 13 years of the past two decades, the company paid a flat $0.16 annual distribution before embarking on its current streak of rapid dividend growth over the past seven years.
Source: Dividend Investor
Related Articles:
- Building Yield: 6 Consumer Goods Dividend Stocks
- Why Dividend Growth Stocks Are Evil
- 4 Higher-Yielding Financial Services Stocks With Rising Dividends
- 5 Higher Yield Dividend Growth Stocks
- Successful Investors Take The Emotion Out
Best Dividend Stocks: Tyson Foods, Inc. (TSN)
Posted by D4L | Thursday, July 18, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Dividend Kings, stocks with at least 50 consecutive years of dividend growth, are favorites of many income investors. High-dividend yields c...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
Readers may want to do a stock valuation on the stocks in their favorite sectors and wait patiently until they become cheap. Patience is a v...
-
This is a clear recipe for investors to follow, and will lead us quite naturally to two recent stock recommendations from Morgan Stanley’s a...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
-
Do you have the stomach for contrarian investing - betting against the crowd? Sometimes that's necessary in order to find value. Why buy...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.