Unless you’re a kid, cereal isn’t going to have you jumping out of your chair. But still: Go to this page detailing the laundry list of General Mills (NYSE:GIS) cereals — with Cheerios, Trix and Lucky Charms among them — and tell me you don’t like at least one of them. Of course, in addition to cereals, General Mills also produces other scintillating products such as Gold Medal Flour and Green Giant brand vegetables. Wheee!
But food is good business. Indeed, for GIS, it’s worth roughly $17 billion in revenues, some of which trickle down to funding its healthy 3.15% dividend. That payout is long-lived and growing, too — GIS has been issuing dividends since 1898, and the checks have gotten 50% fatter in just the past four years!
General Mills’ staples aren’t going anywhere, nor is its dividend. GIS’ projected earnings growth of 8% for the next five years isn’t spectacular, but it’s solid enough to keep the ball rolling.