The maker of Cheerios, Yoplait Yogurt, & Green Giant Corn among several other popular food brands has raised their dividend an impressive 17%. General Mills (GIS) is now paying $0.28 per share and the stock currently yields 3.2%. The company also laid out a 5 year growth plan that includes growing their earnings by 45% from current levels. They are counting on sales in emerging markets such as Russia, China, and India for some of that growth.
Considered a defensive stock, the company generates returns on equity of 28% and has grown their dividend and earnings very consistently over the past ten years. Their net profit margins have also held up fairly well over the years. A reduction in debt levels might make the company even more attractive going forward. Needless to say General Mills is definitely my type of stock.
2 comments:
Your article title made me research whetehr Haagen-Dazs is a separately traded company.. After I read the post I realized it is not.. But I could always research General Mills instead..
General Mills works for me as well!
US:GIS has been a steady dividend riser over the last few years...
http://cxa.marketwatch.com/TSX/en/Market/intchart.aspx?symb=US%3aGIS&sid=2157
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