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A Safe Dividend Stock Down 15% Since July

- By Brian Bollinger

General Mills Inc. (GIS) is a blue-chip stock that has paid uninterrupted dividends for 117 years.

The company's dividend has increased each year since 2004 and boasts a 10.4% annual growth rate over the last decade.

Despite General Mills' impressive history, the company's stock price is down more than 15% since early July 2016 while the S&P 500 Index has gained over 13%.