5 Quality Stocks With Dividend Yields Over 2%

In this article, we discuss 5 quality stocks with dividend yields over 2%. If you want to read our detailed analysis of dividend investments and the current market turmoil as well as the risk/reward and methodology of this list, go directly to read 10 Quality Stocks With Dividend Yields Over 2%. 

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

Number of Hedge Fund Holders: 37
Dividend Yield as of September 22: 2.59%

Tyson Foods, Inc. (NYSE:TSN) is an American multinational corporation that operates in the food industry. It is one of the largest processors of chicken, beef, and pork globally. In August, Stephens maintained its Overweight rating on the stock with a $95 price target, following the company’s recent quarterly earnings. The firm highlighted the clear momentum in the company’s chicken business and its improving earnings into the next fiscal year.

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

Tyson Foods, Inc. (NYSE:TSN) 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 2.59%, as of September 22.

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