Conagra Brands Cuts Dividend by Half Following S&P 500 Exclusion
Conagra Brands (CAG) announced a 50% reduction to its quarterly dividend, lowering it from $0.35 per share to $0.175 following the company's removal from the S&P 500 index on June 29. Despite this cut and recent financial challenges including declining sales and impairment charges, Conagra’s stock fell only slightly after reporting earnings.
Tickers: $CAG
Topics: ceo change conagra brands dividends financial performance