Conagra Brands (NYSE:CAG) Plans $0.35 Quarterly Dividend

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Conagra Brands (NYSE:CAG) has declared a quarterly dividend of $0.35 per share, payable on June 3rd to shareholders of record as of April 30th, resulting in an annualized payout of $1.40 and an 8.9% yield. The dividend is considered sustainable with a payout ratio of 56.0% and projected earnings of $2.49 per share next year. Despite positive dividend growth, analyst sentiment is cautious, with an average rating of “Reduce” and an average price target of $18.29.

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