Generally speaking, retirement income stocks tend to be boring, predictable affairs for a reason. At this point, you don’t want to be rocking the boat. However, enterprises that are too boring can also be problematic because they may not be keeping pace with the times.
On that note, it may be more advantageous to consider compelling enterprises that bring a healthy mixture of growth and dividends. Here’s a rethink on the familiar narrative of retirement income stocks to buy. Sysco (SYY) Based in Houston, Texas, Sysco (NYSE: SYY ) falls under the food distribution industry .
Through its subsidiaries, the company engages in the marketing and distribution of various food and related products. Its customers primarily are food service or companies listed under the broad food-away-from-home sector. Among 12 experts , four of them rate shares a “strong buy” while five rate them a “buy.
” In the trailing 12 months ( TTM ), Sysco posted net income of $2.08 billion on sales of $78.02 billion.
On a per share basis, earnings comes out to $4.10. Presently, SYY represents one of the classic retirement income stocks, providing a dividend yield of 2.
85%. Not only that, the payout ratio is quite reasonable at under 50%. For fiscal 2024, analysts anticipate that earnings per share will reach $4.
33 on revenue of $79.68 billion. Based on the current track record, it’s on pace to hit these figures.
Notably, the most optimistic target calls for EPS of $4.55 on sales of $83.2 billion.
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