How General Mills (GIS) Maintains Stable Payouts During Economic Slowdowns

General Mills, Inc. (NYSE:GIS) is included among the 10 Best Recession Proof Dividend Stocks to Buy.

How General Mills (GIS) Maintains Stable Payouts During Economic Slowdowns

General Mills, Inc. (NYSE:GIS), founded in 1866, shifted its full focus to consumer foods in 1995 and now offers a wide range of packaged meals, cereals, snacks, baking goods, pet food, and more.

General Mills, Inc. (NYSE:GIS)’s core brands, many of which have been household staples for decades, are backed by significant investments in advertising and innovation. This has enabled the company’s products to reach over 95% of US households and maintain leading positions in their categories.

Because shoppers expect to find these brands in stores, General Mills, Inc. (NYSE:GIS) holds strong pricing power with retailers, helping it manage inflation. The company has also proven resilient in tough times, as shown in 2010 when it delivered record results, including higher sales, improved margins, profit growth across all segments, and solid cash flow.

Moreover, General Mills, Inc. (NYSE:GIS) has been making regular dividend payments to shareholders for the past 127 years, which makes it one of the best dividend stocks. The company offers a quarterly dividend of $0.61 per share and has a dividend yield of 4.87%, as of September 26.

While we acknowledge the potential of GIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GIS and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.