This Stock Yields 6.6% and Has a 127-Year Streak of Never Cutting Its Dividend. Here's Why It's a Buy Now.

When folks deliberation astir investing successful the banal market, they often presumption it done the lens of compound returns implicit time. But immoderate investors whitethorn chiefly put successful stocks to make passive income alternatively than superior gains -- particularly those looking to supplement status income.

General Mills (NYSE: GIS) has an incredibly awesome 127-year streak of not cutting its dividend, though determination person been respective multiyear periods erstwhile it hasn't raised its payout. So you won't find General Mills connected the fashionable database of Dividend Kings, which are companies that person paid and raised their dividends for astatine slightest 50 consecutive years.

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Historically, investors person been capable to number connected General Mills similar clockwork for dependable passive income. But lately, that passive income hasn't been astir capable to offset losses successful the banal price. Over the past decade, General Mills has delivered a antagonistic full instrumentality of 12.4%. The past 3 years person been particularly brutal -- a antagonistic 48.9% full return.

The sell-off successful General Mills has pushed its output up to a multidecade precocious of 6.6%.

Here's wherefore the dividend banal is simply a bargain now.

General Mills is facing declining income and profits successful lockstep with the industrywide slowdown successful the packaged nutrient sector. Consumers are stretched thin, and companies similar General Mills are having trouble passing on rising costs to consumers.

The longer-term contented is shifting user preferences toward healthier and non-processed items. But General Mills has a comparatively beardown marque portfolio with an accent connected meal meals and snacks, truthful it should beryllium amended positioned than different packaged nutrient companies.

Still, the numbers don't lie, and General Mills' guidance provides small anticipation for a near-term turnaround.

The bully quality is that General Mills' dividend is inactive affordable, and the banal is ungraded cheap.

On March 17, General Mills announced that it was selling its concern successful Brazil to enactment up its equilibrium expanse and absorption connected its highest-margin opportunities. The institution has present turned implicit astir one-third of its portfolio done acquisitions and divestitures since fiscal 2018 arsenic it prioritizes its champion brands and merchandise categories. The divestiture follows up connected General Mills' June 30, 2025, announcement that it sold its U.S. yogurt business, which included brands similar Yoplait, Go-Gurt, Oui, and Mountain High.