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Consider ConAgra Foods (CAG), a large branded foods company (Healthy Choice, Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s, Orville Redenbacher’s and more), as a component in a long-term dividend reinvestment portfolio. After many years of raising its dividend, CAG cut it from $0.2725 to $0.18 in March 2006 as part of a plan to improve its profitability. However, the company raised the dividend to $0.19 in October 2007, where it is today. The current dividend yield is 3.20 percent. CAG is down from its all-time highs, but well above lows set in
its dark days of 2006. Buy CAG on price dips to get a bargain and
boost your initial dividend yield.
Dividend
Reinvestment Portfolio |
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Copyright ©Richard A. Howard 2003-2008 |
