Conagra already cut its dividend in half and shares have lost nearly 60% over five years, yet income investors keep buying the yield. Whether that payout survives comes down to a single metric that management admits is still moving in…
Conagra Brands (NYSE:CAG | CAG Price Prediction) has already cut its dividend in half. Shares trade at $13.57 as of Thursday’s close, down 27.47% over the past year. Income investors now have to decide whether the smaller payout sits on solid ground or whether the pressure that forced the first cut is still building. A high yield only holds up as long as the company can keep paying it, and Conagra’s ability to keep paying depends on one thing: getting volume growing again.
Here’s a simple…
