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A leader at the breakfast table with Cheerios, Chex, and Wheaties, General Mills also has Betty Crocker, Green Giant, Pillsbury, and other brands in its pantry.
General Mills will never be the next hot company. But everyone has to eat. Chances are, somewhere in your cupboard is a bag of Gold Medal flour, Big G cereal or Betty Crocker cake mix. While many investors are fixated on the hare, it's the steady dividend-paying tortoises like General Mills that often win the race in the long term. I have steadily accumulated shares of General Mills over the years to give my portfolio diversification and defense. I think this is a great addition to a portfolio of a Fool who has a long-term horizon and is committed to reinvesting their dividends.
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