This High Quality Dividend Stock Offers A Good Upside Potential

General Mills Inc. (GIS) is a high-quality blue chip dividend growth stock with an impressive track record of consistent earnings growth over a prolonged period. The company has been providing dividends consistently for the last 113 years. The company has been growing its dividend regularly and the new annualized dividend rate of $1.32 represents an attractive dividend yield of 3.4% at current stock prices. Though its main competitor Kellogg Company (K) also offers a similar dividend yield, it comes at a higher price (valuation). Its other direct competitors like Seneca Foods Corp. (SENEA) and Danone (DANOY.pk) do not provide any dividend at all. Moreover, the company has been busy on the acquisition front. On top of Yoplait International (purchased last July), the company has completed/announced several strategic acquisitions including reacquisition of the Yoplait license in Canada and Ireland, Brazilian snacks & convenient meals manufacturer Yoki Alimentos and a small Indian... Read more