General Mills (GIS) is a blue chip stock that has paid
uninterrupted dividends for 117 years. The company’s dividend has increased
each year since 2004 and boasts a 10.4% annual growth rate over the last
decade.
Despite General Mills’ impressive history, the company’s
stock price is down more than 15% since early July 2016 while the S&P 500
Index has gained over 13%.
With investors’ expectations reduced and the stock’s 3.2%
dividend yield sitting above its five-year average yield, now is a good time to
review why General Mills remains a core holding in our Conservative Retirees
dividend portfolio.
Comments
Post a Comment