Dividend payers aren’t just providing income, they are also providing breakouts from bases.
General Mills (GIS) popped 2% Thursday, closing just above a 59.97 buy point. Volume was lower than average, however. The company has an annualized dividend yield of 3%.
The cereal maker does a lot more than cereal now, with its ready to eat (RTE) cereal category accounting for just 20% of net sales in 2015.