Dividends4Life: Best Dividend Stocks: Tyson Foods, Inc. (TSN)

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

Click here to have future posts delivered to you for free!



Post a Comment

Note: Only a member of this blog may post a comment.


Popular Posts Last 30 Days