Stock Buy $GIS
General Mills Inc is an international manufacturer of branded consumer foods sold through retail stores. The company has a huge diversification of consumer food brands that is sold to more than 100 countries around the world. Here are some of their brands.
General Mills is also trending to more healthier ingredients and types of foods they produce. For example, they recently began selling one of my favorite cereal brands Cheerios without GM ingredients. That is great news because not many companies take a stance on health issues and General Mills is taking that stance.
- Dividend Yield: 3.1%
- 5 Year Dividend Growth Rate: 10.6%
- Payout Ratio: 53%
- P/E: 18.03
I purchased 21 shares for the price of $48.48 adding $31.92 to my annual income.
The 12-month dividend income increased to $2,181.
I like the GIS purchase and wish I could buy some more but there’s just too many ideas competing for my capital. Those consumer staples companies sure are great for DG investors.
I picked GIS to build upon my current position due to a slight decline in the stock. That is the great thing about US market, many great companies to choose from without going wrong.
Great move here. General Mills should be a great investment over the long haul.
However, I’m not sure about that picture you have up there. There’s some brands on there that aren’t related to GIS.
Best of luck with the investment. I hope to join you as a shareholder one day soon!
Hey, thanks for stopping by Jason. Good to see my Idol of dividend investing dropping by and leaving a comment.
Yeah, I believe GIS is one of those recession proof dividend stocks that storms through the tough times. People are not going to stop eating cereal when times hit hard.
Oh and thanks for catching that picture, I honestly didn’t notice.
Keep in touch!