2023-06-28 08:30:00 ET
Considering the rise of food prices in recent years, Tyson Foods (NYSE: TSN) might seem like an obvious pick. However, amid those increases, the stock has struggled to beat the S&P 500 since the beginning of the pandemic. Also, business conditions have turned unfavorable, and the stock now hovers near six-year lows.
Despite those challenges, Tyson's low stock price could attract investors in light of the recession-resistant demand for the proteins this meat stock produces. That value proposition could particularly benefit dividend investors for two reasons.
If one is looking for a high-yield dividend, Tyson stock looks increasingly like an intriguing choice. Its annual payout of $1.92 per share offers investors a dividend yield of 3.9%. That yield is not only near all-time highs but also more than double the 1.6% yield currently offered by the S&P 500.
For further details see:
2 Reasons Dividend Investors Should Take A Chance On Tyson Foods Stock