From Yahoo Finance · · 1m 10s
Food Stocks Pay 6.5% Yields
Which dividend is safer for retirement investors?
In brief
Which dividend is safer for retirement investors? General Mills offers a 6.69% yield with 127 straight years of dividends, while Kraft Heinz has a frozen 6.5% yield after a 2019 cut. Originally reported by Yahoo Finance.
Dividend Yields
General Mills (GIS) pays 6.69% yield with $0.61 quarterly dividend. Kraft Heinz (KHC) pays 6.5% yield with $0.40 quarterly dividend.
Dividend Coverage
General Mills covers its dividend with room to spare on adjusted earnings. Kraft Heinz's cushion is thinner and shrinking.
Free Cash Flow
Kraft Heinz generated $3.66B free cash flow with 110% conversion and paid down $1.9B debt. General Mills produced $1.63B free cash flow down 29.07%.
Dividend History
General Mills has 127 straight years of uninterrupted dividends. Kraft Heinz's dividend was reset in 2019 and frozen for 27 quarters.
Brand Value
General Mills shows household penetration growth. Kraft Heinz absorbed $7.4B in goodwill impairments in Q2 alone.
Long-Term Safety
General Mills is safer for retirement investors with a 127-year dividend history and rising payouts. Kraft Heinz risks another dividend reset after brand erosion.
In short
General Mills offers a 6.69% yield with 127 straight years of dividends, while Kraft Heinz has a frozen 6.5% yield after a 2019 cut.
