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Best Income Stocks to Buy for October 2nd

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Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 2nd:

Grupo Cibest S.A. - Sponsored ADR (CIB - Free Report) : This banking company which is Colombia's largest bank in terms of assets and also has the largest market participation in deposit products and loans, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 9.4%, compared with the industry average of 3.2%.

Smithfield Foods, Inc. (SFD - Free Report) : This pork producer and food-processing company, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 4.3%, compared with the industry average of 0.0%.

Magic Software Enterprises : This company which is a member of the Formula Group develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.2%, compared with the industry average of 0.0%.

 

See the full list of top ranked stocks here.

 

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