Holding these steady payers should reward you

Article Excerpt

Newell and General Mills have adopted new strategies in light of weaker demand for their main products. We believe that will ultimately lift earnings and protect your current dividend income. Restructuring has already handed investors in one of those companies a 20% gain this year. Still, currently, we don’t recommend either stock for your new buying. Investors should, however, hang onto their shares. NEWELL BRANDS INC., $19, remains a hold. The company (Nasdaq symbol NWL; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 423.4 million; Market cap: $8.0 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.newellbrands.com) last raised its dividend for investors with the June 2017 payment. You now receive $0.23 a share, up 21.1% from $0.19. The annual rate of $0.92 yields a high 4.8%. Newell recently announced a strategy to focus on the following key product lines: writing; baby; home fragrance; food; fishing; appliances and cookware; outdoor and recreation; and safety and security. As part of that plan, the company sold three…