5 Best Income Stocks to Buy Right Now

2. Tyson Foods, Inc. (NYSE:TSN)

Dividend Yield as of October 20: 2.83%

Tyson Foods, Inc. (NYSE:TSN) is an American food industry company that is one of the largest processors of chicken, beef, and pork worldwide. The company has been raising its dividends consistently for the past 10 years and has a five-year dividend CAGR of 15.38%. The company currently pays a quarterly dividend of $0.46 per share and has a yield of 2.83%, as recorded on October 20.

In its fiscal Q3 2022 report, Tyson Foods, Inc. (NYSE:TSN) posted revenue of $13.5 billion, up 8.2% from the same period last year. Its operating cash flow stood at $666 million and it generated $190 million in free cash flow. The company ended the quarter with over $1 billion in cash and cash equivalents and over $9.3 billion in total current assets.

At the end of Q2 2022, 37 hedge funds tracked by Insider Monkey owned stakes in Tyson Foods, Inc. (NYSE:TSN), with a total value of $1.15 billion. Cliff Asness’ AQR Capital owned over 3.2 million shares in the company worth $278.4 million, becoming the company’s largest stakeholder in Q2.