Conagra and Campbell's Have Already Cut Their Dividends in 2026. Could General Mills Be Next?

Food companies are struggling due to inflation and GLP-1 drug popularity. Conagra and Campbell's have already cut dividends in 2026. General Mills maintains its 7.2% dividend yield, but faces declining earnings and flat organic growth. While free cash flow currently covers dividend payments, the company's financial deterioration raises concerns about dividend sustainability.