They're After My Lucky Dividends: How to Earn $500 A Month from General Mills Stock
Portfolio Pulse from AJ Fabino
General Mills Inc (NYSE:GIS) reported a dip in revenue this fiscal year due to higher carrying costs of inventory and larger customers managing their balance sheets. Fiscal fourth quarter volumes dropped by 8% and 2% in the North America Retail and Pet divisions respectively. Despite the dip, General Mills reported fourth-quarter fiscal 2023 sales growth of 3% year-on-year, clocking $5.03 billion. The company currently has a dividend yield of 3.08%.
June 30, 2023 | 3:37 pm
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NEUTRAL IMPACT
General Mills reported a dip in revenue and volumes, but maintains a dividend yield of 3.08%.
The dip in revenue and volumes could negatively impact the stock price. However, the maintained dividend yield could attract investors looking for steady income, potentially offsetting the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100