| General Mills (NYSE: GIS) started as a flour mill in 1866. Since then, it has created some of the most iconic American food brands, including Cheerios, Betty Crocker, and Pillsbury. It has also expanded into the lucrative pet food market. However, the stock has not performed well over the past two years. The decline in the share price - plus annual raises in the dividend - means the stock now yields nearly 5%, which is catching the attention of income investors. Is the dividend as reliable as that box of Cheerios in the pantry, or will it spoil like a pint of raspberries the minute you bring them home from the store? The company already completed its fiscal 2025 in May. The results weren't great. Revenue and profits were down, and free cash flow fell 9%. Over the past three years, free cash flow has plummeted from $2.75 billion to $2.29 billion. In fiscal 2026, free cash flow is forecast to slip again to $2.16 billion. |
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