ConAgra Brands Inc (NYSE: CAG) reported better-than-expected earnings for its first quarter on Thursday.
The company posted quarterly sales of $2.90 billion, flat Y/Y, versus the consensus of $2.95 billion. Adjusted EPS increased 15.8% to $0.66, beating the consensus of $0.60.
ConAgra reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75 (consensus $2.72).
With the buzz around ConAgra following quarterly results, some investors may be eyeing potential gains from the company’s dividends. As of now, ConAgra offers an annual dividend yield of 5.38%, which is a quarterly dividend amount of 35 cents per share ($1.40 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To ...