How To Earn $500 A Month From ConAgra Brands Stock After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
ConAgra Brands Inc (NYSE:CAG) reported better-than-expected Q3 financial results, with a 5.4% increase in stock price to close at $30.64. The company offers a 4.57% annual dividend yield, equating to $1.40 per year. To earn $500 monthly from dividends, an investment of approximately $131,323 is needed. ConAgra reaffirmed its FY24 outlook with an expected organic net sales decrease of 1-2% and adjusted EPS of $2.60-$2.65.
April 05, 2024 | 12:42 pm
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ConAgra Brands Inc reported better-than-expected Q3 results, with a 5.4% stock price increase and a 4.57% annual dividend yield. The company reaffirmed its FY24 outlook with a slight sales decrease and stable adjusted EPS.
The positive earnings report and the subsequent stock price increase indicate a strong performance by ConAgra Brands. The reaffirmation of the FY24 outlook suggests stability and potential growth, making CAG an attractive option for dividend investors. The detailed dividend yield calculation provides a clear strategy for income-focused investors, further increasing the stock's appeal in the short term.
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