Could Buying High-Yield General Mills Today Set You Up for Life?

General Mills (NYSE: GIS) has an unusual dividend story. It has a less-than-inspiring dividend streak of just five annual increases, but at the same time, it has paid dividends without interruption for 127 years.Some investors get caught up in only buying stocks with long strings of dividend increases, which is understandable. But if you're a dividend lover, you should really do a deep dive on General Mills. The lofty 4.8% yield here could, indeed, set you up for a lifetime of income even if the dividend doesn't increase every single year.General Mills is a consumer staples maker with a focus on packaged food products. Although it isn't among the largest consumer staples companies in the world, with a market cap of around $27 billion, it's still a big and important player in the packaged-food sector. It has the size and scale needed to stand toe to toe with just about any competitor with regard to distribution, research and development, and marketing. It can also act as an industry consolidator, buying up smaller competitors to keep its brand portfolio up to date with consumer tastes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool