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Recent Articles
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Dividend Increases/Decreases for the Week of April 5
Apr 5, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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ConAgra’s ESG Initiatives Noble; Near-5% Dividend Yield Supported By Free Cash Flow
Apr 4, 2024
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Image Source: ConAgra.
ConAgra’s third-quarter fiscal 2024 results were decent, with the company showcasing strong free cash flow generation and further debt reduction. Year-to-date free cash flow at ConAgra totaled ~$1.2 billion versus $436 million during the same period a year ago. Cash dividends paid were $492 million over the same time, so ConAgra is doing a good job covering its dividend obligations with traditional free cash flow. We view this as a distinct positive for a company yielding ~4.8% at the time of this writing and think ConAgra is a consideration for investors seeking free-cash-flow covered yields and strong ESG initiatives.
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Latest Report Updates
Apr 4, 2024
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Check out the latest report updates on the website.
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Gilead’s 4%+ Dividend Yield Covered Nicely with Free Cash Flow
Apr 3, 2024
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Image: Gilead’s coverage of its dividend with free cash flow remains rock-solid.
What we like about Gilead is that the company remains a very strong free cash flow generator, with the measure coming in at $7.4 billion during 2023 versus dividend payments of $3.8 billion. On a free cash flow coverage basis, Gilead 4%+ dividend yield looks rock-solid, and for this, we think investors may be wise to get paid to wait for upcoming catalysts within Gilead’s HIV and oncology pipeline.
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