5 Cheapest Stocks with Highest Dividends

In this article, we will take a look at the 5 Cheapest Stocks with Highest Dividends. For deeper discussion and analysis, have a look at the 15 Cheapest Stocks with Highest Dividends. 

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

Dividend Yield as of April 4: 6.52%

Share Price as of the Close of April 2: $37.42

Forward P/E Ratio: 11.04

On March 30, Deutsche Bank lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $32 from $38. It reiterated a Hold rating on the stock. The firm said it is seeing “legitimate and widespread pressures building” across much of the consumer packaged goods industry, tied to the conflict in the Middle East. The analyst noted that stocks in the group underperformed in March. The decline was linked to rising cost inflation, the risk of demand shifting toward cheaper products, and unfavorable currency movements.

On March 25, TD Cowen lowered its price objective on GIS to $32 from $37 and maintained a Hold rating. The firm also reduced earnings estimates and price targets across several large-cap food companies. This reflects expectations of higher input costs linked to the Iran war, along with limited pricing power. The analyst noted that many food companies are now focusing more on reducing debt. This follows significant margin pressure seen in 2025. The firm added that for a number of these companies, including Conagra Brands, Campbell’s Company, and General Mills, dividends could come under pressure if conditions worsen, adding that “things aren’t looking good.”

General Mills, Inc. (NYSE:GIS) is a global manufacturer and marketer of branded consumer foods. Its segments include North America Retail, International, North America Pet, and North America Foodservice.