How To Earn $500 A Month From Conagra Brands Stock Following Latest Earnings Report
Portfolio Pulse from Avi Kapoor
Conagra Brands Inc (NYSE:CAG) reported a Q2 FY24 sales decline of 3.2% YOY to $3.21 billion, missing estimates, but beat adjusted EPS estimates with 71 cents. The company cut its FY24 organic net sales and adjusted EPS outlook. Despite this, the article discusses how investors can earn a monthly income from Conagra's dividends, which currently yield 4.87%. It calculates the number of shares needed to earn $500 or $100 per month from dividends. The article also explains how dividend yield is calculated and its dependence on stock price and dividend payments. CAG shares fell 1.9% to close at $28.72 on Thursday.
January 05, 2024 | 1:34 pm
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Conagra Brands reported lower Q2 sales and reduced FY24 guidance, but offers a strong dividend yield. The stock price declined following the earnings report.
The mixed earnings report with a sales decline and reduced guidance is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. However, the high dividend yield may provide some support to the stock price as it may attract income-focused investors.
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IMPORTANCE 75
RELEVANCE 100