Best Income Stocks to Buy for October 2nd

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: 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.

Grupo Cibest S.A. - Sponsored ADR Price and Consensus

Grupo Cibest S.A. - Sponsored ADR price-consensus-chart | Grupo Cibest S.A. - Sponsored ADR Quote

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

Grupo Cibest S.A. - Sponsored ADR Dividend Yield (TTM)

Grupo Cibest S.A. - Sponsored ADR dividend-yield-ttm | Grupo Cibest S.A. - Sponsored ADR Quote

Smithfield Foods, Inc. SFD: 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.

Smithfield Foods, Inc. Price and Consensus

Smithfield Foods, Inc. price-consensus-chart | Smithfield Foods, Inc. Quote

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

Smithfield Foods, Inc. Dividend Yield (TTM)

Smithfield Foods, Inc. dividend-yield-ttm | Smithfield Foods, Inc. Quote

Magic Software Enterprises MGIC: 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.

Magic Software Enterprises Ltd. Price and Consensus

Magic Software Enterprises Ltd. price-consensus-chart | Magic Software Enterprises Ltd. Quote

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

Magic Software Enterprises Ltd. Dividend Yield (TTM)

Magic Software Enterprises Ltd. dividend-yield-ttm | Magic Software Enterprises Ltd. Quote

See the full list of top ranked stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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