General Mills, Inc. (NYSE:GIS) is included among the 14 Best Food Dividend Stocks to Buy According to Analysts.
General Mills, Inc. (NYSE:GIS) is one of those companies that’s been around so long, most people don’t even realize how many of their favorite brands it owns. From Cheerios and Pillsbury to Häagen-Dazs, Progresso, Yoplait, and Green Giant, its products cover just about every aisle in the grocery store.
Lately, higher inflation and a shaky economy have been changing the way people shop. General Mills, Inc. (NYSE:GIS) seems well aware of that and has been trying to adjust by cutting prices here and there, running more promotions, and finding ways to remind customers that their brands still offer good value.
Sales have taken a bit of a hit, especially in snacks, and profits aren’t quite as strong as they used to be. Even so, General Mills, Inc. (NYSE:GIS) remains comfortably in the black and continues to stick by its dividend, which investors appreciate. One part of the business that could see real growth in the years ahead is pet food. Since buying Blue Buffalo back in 2018, the company has been expanding that segment steadily, and it’s shaping up to be a long-term winner.
General Mills, Inc. (NYSE:GIS)’ 127-year track record of regular dividends has always grabbed investors’ attention. On September 29, the company declared a quarterly dividend of $0.61 per share, and as of October 5, it has a dividend yield of 4.85%.
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