Food giant Kellogg Company (K) has paid dividends for 18 consecutive years. Moreover, the stock’s current dividend yield is 3.49%, while its four-year average yield amounts to 3.57%.
Recession fears are widespread amid high inflation, geopolitical tensions, and consecutive rate hikes. However, K reported better-than-expected results, surpassing the consensus revenue and EPS estimates by 4.4% and 3.1% in its last reported quarter.
