Conagra Brands Slashes Its 10% Dividend Yield in Half Just 1 Month After Getting Kicked Out of the S&P 500. Here's Why the Stock Isn't Tanking. | The Motley Fool

Conagra Brands' recent earnings report revealed a significant 50% dividend cut, reducing payouts from $0.35 to $0.175 per share. Despite a 2.9% decline in net sales and a $2 billion impairment charge, the company generated $979 million in free cash flow, allowing for continued dividend coverage. This strategic move may position...