GIS - This Consumer Staples Stock Offers More Than Passive Income
Somebody forgot to tell consumer staples company General Mills (NYSE: GIS) that there's a bear market. The stock is up more than 20% over the past year, defying the broader indexes. So what's the deal? Or more importantly, is the stock still worth buying? Nobody wants to chase the train after it's left the station.
But don't worry, I'm here to help. General Mills is an outstanding dividend stock that yields almost 3%, but there's more here than passive income if you're a long-term investor. Roll up your sleeves and let's dig in.
General Mills is a conglomerate that sells various food products to people and pets. Its brands are well-known in grocery stores, including Betty Crocker, Blue Buffalo, and a wide range of favorite cereal brands like Cheerios, Chex, and more.
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This Consumer Staples Stock Offers More Than Passive Income