10 Defensive Dividend Stocks To Buy During Market Sell Off

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

Tyson Foods, Inc. is a food company that operates in Pork, Beef, Chicken, and Prepared Foods. It distributes its products through meat distributors, military commissaries, grocery wholesalers, live markets, and other stores and vendors. A relatively subdued performance in the last year has meant that investors are relying on the 3.34% dividend yield for monetary gains.

TSN has a median price target of $64.5 according to Wall Street, based on data from 16 different analysts. The stock is trading just above its lowest price target of $58 with the highest price target of $75. These aren’t very attractive numbers, but for a stable business that pays out a healthy dividend, there is enough upside for investors looking to reduce volatility in their portfolio.

The stock is trading at a forward PE of 16.3. TSN’s highest revenue generator, the beef segment, is expected to decline by 1% in terms of production. However, this is made up for in the 2% increases in both chicken and pork segments. The prepared foods segment should top off a relatively stable year for the company, bringing in a total operating income of just over $2 billion.

TSN may not be the ideal growth story for investors but during volatile times, it is the go-to stock for income investors.