How To Earn $500 A Month From ConAgra Brands After Upbeat Earnings
Portfolio Pulse from Priya Nigam
ConAgra Brands Inc (NYSE:CAG) reported better-than-expected earnings for its first quarter, with sales of $2.90 billion and adjusted EPS of $0.66. The company reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75. ConAgra offers an annual dividend yield of 5.38%, which is a quarterly dividend amount of 35 cents per share. To earn $500 per month from dividends alone, an investment of approximately $111,436 or around 4,286 shares would be needed.
October 06, 2023 | 1:04 pm
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ConAgra's better-than-expected earnings and reaffirmed growth could boost investor confidence. However, the stock fell 2% to close at $26.00 on Thursday.
ConAgra's better-than-expected earnings and reaffirmed growth for FY24 could attract investors. However, the stock's recent 2% fall indicates some market uncertainty. The company's high dividend yield could also be attractive to income-focused investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100