5 Blue Chip Stocks with Highest Dividends

2. General Mills, Inc. (NYSE:GIS)

Dividend Yield as of April 8: 6.68%

On April 8, Wells Fargo lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $33 from $35. It reiterated an Underweight rating on the shares. The firm is cutting estimates across the sector ahead of quarterly results. It based those changes on detailed, company-specific commodity assumptions built into its models. That approach ties margin expectations more closely to the current inflation trend, especially through Q4 2026 and 2027. A recovery is still expected, but it is pushed out to 2028.

During its Q3 2026 earnings call, CEO Jeffrey Harmening said the company had agreed to sell its Brazil operations, including the Yoki and Kitano brands. The move is part of a broader effort to reshape the portfolio. He indicated that it should support margins and sharpen the International segment’s focus on key global platforms such as super-premium ice cream, Mexican food, snack bars, and pet food, where the company sees stronger profitability and growth potential.

Looking ahead to fiscal 2027, Harmening said the company’s main priority is to improve organic sales while continuing to run its HMM framework alongside ongoing transformation efforts. CFO Kofi Bruce added that the company is in the middle of a multi-year transformation program. He expects it to deliver further productivity gains next year, building on the progress already made.

General Mills, Inc. (NYSE:GIS) produces and markets branded consumer food products globally. Its business is organized into North America Retail, International, North America Pet, and North America Foodservice segments.