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One Dividend Contender To Buy And One Dividend Pretender To Avoid In 2024

Jan. 04, 2024 11:00 AM ETTyson Foods, Inc. (TSN) Stock, ADC Stock36 Comments

Summary

  • Tyson Foods is a stock to avoid for 2024 due to financial struggles, negative cash flows, and a high payout ratio well above 100%.
  • With interest rates expected to decline, Agree Realty is one REIT I rate a buy for 2024, with potential for capital gains and a strong dividend streak.
  • The REIT sector is expected to rebound in 2024, and Agree Realty is well-positioned for growth with a strong portfolio and fortress balance sheet.
  • TSN is expected to grow its FCF in 2025 to $540 million, but this is still not enough to cover the annual dividend payout.
  • With a mild recession expected in the foreseeable future, both companies could face downward pressures due to the economic slowdown, more so Tyson Foods.

Buy and sell stock

5./15 WEST

Introduction

With 2023 now behind us, hopefully, 2024 will shape up to be a better year for us dividend investors. Some stocks were up during the year, but there were also some that didn't do too well and were in the

This article was written by

The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. He is a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. He aspires to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. He also hope to give investors a new perspective to help them reach financial independence. The Dividend Collectuh is also a contributor to the dividend-focused group Consortium Dividends with The Gaming Dividend.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ADC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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