As rising oil prices, high inflation and heightened geopolitical tensions related to Russia and Ukraine are expected to keep the stock market under pressure in the near term, we think it’s best to bet on high quality dividend stocks Tyson (TSN), Westlake (WLK), Huntsman (HUN), Global Partners (GLP), and Manning & Napier (MN) to ensure stable revenue streams. Let’s discuss these names.

Rising inflation and prolonged supply disruptions have driven significant market volatility since the start of the year. The Russia-Ukraine conflict has added to investor concerns. These challenges, together with soaring oil prices, are expected to keep the stock market under pressure in the near term. According to Paul Sankey of Sankey Research, “There are primary, physical, immediate blackout that captures an already tight market with very low supplies.” Nevertheless, hopes of an economic recovery are still visible as COVID-19 restrictions around the world continue to ease.
So, we think it’s best now to invest in quality dividend stocks to secure a steady stream of income. Optimistic investor sentiment about this space is evident in the S&P 500 X Global Quality Dividend ETF (QDIV) 6.7% return in the last three months compared to the SPDR S&P 500 Trust ETF (PEOPLE) a 3.9% decrease.
Strong fundamentals and impressive dividend yields make Tyson Foods, Inc. (TSN), Westlake Company (WLK), Hunting Company (HUN), LP Global Partners (GLP), and Manning & Napier, Inc. (M N) a solid bet now.
Tyson Foods, Inc. (TSN)
TSN, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef; Pig; Chicken; and Prepared Food. That Springdale, Ark.-based The company is one of the largest food companies in the world and a recognized leader in protein production.
On February 7, 2022, Donnie King, President and CEO of TSN, said, “Our performance reflects the resilience of our multi-protein portfolio even with continued volatility in the market. We remain committed to winning with our team members, winning with our customers and consumers, and winning with excellence. We have the right team taking the right actions, and as a result, we believe our future is bright.”
TSN has been consistently paying dividends for more than 30 years. Over the past five years, its dividend payout has grown by 19.3% CAGR. While the four-year average dividend yield is 2.14%, TSN’s current dividend translates to a 1.94% yield.
TSN sales increased 23.6% year-on-year to $12.93 billion in the first quarter 2022 fiscal year, ending January 1, 2022. Company adjusted operating income came in at $1.43 billion, up 39.7% year-on-year. Its net profit was $1.12 billion, up 140% year-on-year, while adjusted EPS was $2.87, up 47.9% year-on-year.
Analysts expect TSN’s revenue to increase 9.6% year-on-year to $51.54 billion in fiscal 2022. Its EPS is forecast to grow 7.5% annually for the next five years. Also, topped EPS forecasts in each of the last four quarters. Over the past month, the share price has risen 5.6% to close yesterday’s trading session at $95.34.
TSN’s strong fundamentals are reflected in POWRA Rating. The stock has an overall A rating, which represents a Strong Buy in our proprietary rating system. The POWR rating values stocks based on 118 different factors, each with its own weight.
TSN has an A for Value and B for Growth and Sentiment. In rank B food maker industry, it ranks #8 out of 84 stocks. Click here to view additional POWR Ratings for Quality, Momentum and Stability for TSN.
Westlake Chemical Company (WLK)
Houston, Texas-based WLK, together with its subsidiaries, manufactures and markets basic chemicals, vinyl, polymers and building products worldwide. It operates through two segments, Vinyl, and Olefin.
On February 22, 2022, Albert Chao, President and CEO, said, “Looking at our Residential and Building Products acquisition closing in the second half of 2021, as well as our epoxy acquisition in early 2022, we have developed a platform for growth that will drive value through our integrated chain and expect this business to contribute significantly to revenue by 2022.”
WLK has been paying dividends for more than 15 years. Over the past five years, WLK’s dividend payout has grown by 8.8% CAGR. While WLK’s four-year average dividend yield is 1.38%, the current dividend translates to a 1.07% yield.
WLK’s net sales totaled $3.51 billion for the fourth quarter, ending December 31, 2021, up 78.5% year-on-year. Net profit was $644 million, up 469.9% year on year. Also, its EPS stood at $4.98, up 472.4% year over year.
Analysts expect WLK’s revenue to be $13.52 billion in fiscal 2022, representing a 14.8% year-over-year increase. The company’s EPS is also expected to increase by 31.9% annually over the next five years. It topped EPS Street forecasts in each of the last four quarters. And over the past month, the share price has risen 10.8% to close yesterday’s trading session at $112.59.
WLK’s POWR rating reflects this promising outlook. The stock has an overall B rating, which is equivalent to Buy in our POWR Rating system.
It has a B for Growth, Value and Sentiment. It is ranked #13 of 90 stocks on A-rated Chemical material industry. Click here to see additional ratings for WLK (Momentum, Quality, and Stability).
Hunting Company (HUN)
HUN manufactures and sells different organic chemical products worldwide. That Salt Lake City, Utah the company operates through four segments: Polyurethane; Performance Products; Advanced Materials; and Textile Effects.
On February 15, 2022, Peter R. Huntsman, Chairman, President and CEO, said, “We closed 2021 on the best year in our history with our current portfolio of businesses. Our portfolio transformation has allowed our company to deliver not only the highest adjusted EBITDA margins, but also consistent profit margins from quarter to quarter throughout 2021, a more distinct feature of the chemicals business.”
HUN’s dividend payout has grown at a CAGR of 7.7% over the past five years. The current dividend yield is 2.17%, and the four-year average dividend yield is 2.7%.
For its fiscal fourth quarter, ending December 31, 2021, HUN’s revenue totaled $2.31 billion, up 38.3% year-on-year. Adjusted net profit was $207 million, up 83.2% year-on-year, while adjusted EPS was $0.95, up 86.3% year-on-year.
HUN revenue is expected to be $8.91 billion in fiscal 2022, representing a 5.4% year-over-year increase. The company’s EPS is expected to increase 12.4% year-on-year to $3.98 in 2022. In addition, it topped Street’s EPS forecasts in each of the next four quarters. Over the past month, the stock has gained 7.7% to close yesterday’s trading session at $39.12.
It’s no surprise that HUN has an overall A rating, which is equivalent to Strong Buys in our proprietary rating system. In addition, it has an A for Value and a B for Growth, Sentiment and Quality.
HUN is ranked #10 in the Chemical industry. Click here to view additional POWR Ratings for HUN (Momentum and Stability).
Note that HUN is one of the few stocks currently handpicked in the Reitmeister Total Return portfolio. Learn more here.
Global Partner LP (GLP)
GLP buys, sells, collects, blends, stores and manages the logistics of transporting gasoline and gasoline blends, distillates, residual oil, renewable fuels, crude oil and propane to wholesalers, retailers, and commercial customers in the New England Mid-Territory states Atlantic and New York. The company is headquartered in Waltham, Mass.
On February 28, 2022, Eric Slifka, President and CEO of the Partnership, said, “We had a solid year in 2021, successfully tackling the pandemic and associated macroeconomic challenges that affected nearly all industries over the past year. Our performance demonstrates the scale and reliability of our vertically integrated assets and business, which enables us to deliver significant value to our customers, consumers and unit holders.”
GLP’s dividend payout has grown by 4.5% CAGR over the last five years. While the four-year average dividend yield is 11.32%, the current GLP dividend translates to a 9.1% yield.
GLP sales increased 86.4% year-on-year to $4.09 billion for the fourth quarter, ending December 31, 2021. Net income was $19.32 million, up 334.9% year-on-year, while its EPS an increase of 633.3% year-over-year to $0.44.
For fiscal year 2022, analysts expect GLP’s revenue to be $16.64 billion, representing a 25.6% year-over-year increase. In addition, the company’s EPS is expected to increase 24.4% year-on-year to $1.63 in 2022. Over the past three months, the stock has gained 14.9% to close yesterday’s trading session at $26.06.
The GLP has a B for Value, Stability, and Sentiment. Click here to see GLP ratings for Growth, Momentum, and Quality as well. It is ranked #22 of 35 stocks on A-rated MLP – Oil & Gas industry.
Manning & Napier, Inc. (M N)
MN in Fairport, New York, is a publicly owned investment manager. It provides high-value individual and institutional services that include 401(k) plans, retirement plans, Taft-Hartley plans, endowments, and foundations.
On February 8, 2022, Marc Mayer, Chairman of the Board and CEO of MN, said, “We finished 2021 with strong results for clients and increasing business momentum as our suite of investment strategies delivered excellent returns last year, building on a strong track record. in the short, medium and long term.”
While the four-year average dividend yield for MN is 5.59%, the current dividend translates to a 1.24% yield.
MN’s total revenue increased 12.8% year-on-year to $37.82 million in the fourth quarter, ending December 31, 2021. Its net profit was $7.44 million, up 46% year-on-year, while its EPS came in. at $0.34, up 47.8% year-on-year.
MN’s EPS is expected to grow 8% per year for the next five years. Over the past month, the share price has gained 2% to close yesterday’s trading session at $8.11.
MN’s strong fundamentals are reflected in its POWR rating. The stock has an overall A rating, which is equivalent to a Strong Buy in our proprietary rating system.
In addition, it has a B for Growth, Value, Momentum, Sentiment, and Quality. MN is ranked #1 of 25 stocks ranked B Investment Broker industry. Click here to view additional POWR Ratings for MN (Stability).
TSN stock was trading at $93.92 a share as of Friday morning, down $1.42 (-1.49%). This year, the TSN has gained 8.29%, compared to the -9.64% gain in the benchmark S&P 500 index over the same period.
Tyson (TSN) is part of the Entrepreneurs Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs.
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