Updated: Jan 16, 2021
Originally published May 7, 2020 9:49 PM ET
GIS is a safe haven for income investors in the virus recession bear market.
Over 120 years of uninterrupted dividends couple with conservative payout ratios and cash flows easily covering dividends and capex to make this a core portfolio target.
A 12.98% yield rate, along with 12.98% downside market protection, can carry you through the next 2+ months of virus economy, providing immediate cash income.