Should Income Investors Buy General Mills Stock?
Investing in companies that produce and market well-known brands that are regularly consumed by millions of people every day can be a winning strategy for dividend investors. Such businesses typically benefit from steadily rising profits, which can support a generous and growing payout to shareholders.
With a $48 billion market capitalization, General Mills (NYSE: GIS) is a just such a company and has grown to become a leader in the packaged foods industry. But is it a buy for yield-oriented investors?
Let's dig into General Mills' fundamentals and valuation to get an answer.
Source Fool.com
