|Bid||63.52 x 1000|
|Ask||63.60 x 900|
|Day's Range||63.00 - 63.77|
|52 Week Range||52.66 - 72.88|
|Beta (5Y Monthly)||0.63|
|PE Ratio (TTM)||18.39|
|Earnings Date||Feb 04, 2021 - Feb 08, 2021|
|Forward Dividend & Yield||2.28 (3.59%)|
|Ex-Dividend Date||Nov 30, 2020|
|1y Target Est||70.21|
On October 23, 2020, Kellogg (NYSE:K) declared a dividend payable on December 15, 2020, to its shareholders. Kellogg also announced that shareholders on the company's books on or before December 1, 2020, are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Kellogg, which has a current dividend per share of $0.57, has an ex-dividend date scheduled for November 30, 2020. That equates to a dividend yield of 3.44% at current price levels.What Are Ex-Dividend Dates? Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Kellogg's Dividend History Over the past year, Kellogg has seen its dividend payouts remain the same and its yields trend downward. Last year on November 29, 2019, the company's payout sat at $0.57, which has returned to its value today. Kellogg's dividend yield last year was 3.67%, which has since decreased by 0.23%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Kellogg click here.See more from Benzinga * Click here for options trades from Benzinga * Analyzing Interactive Brokers Group's Ex-Dividend Date * Analyzing Tyson Foods's Ex-Dividend Date(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As the race to dominate meat substitutes heats up, plant-based stocks are becoming an investor favorite. There are a couple of reasons for this increasing interest in plant-based meat. One, demand for meat and dairy substitutes is on the rise due to increasing health concerns over animal welfare and the environment. Second, the novel coronavirus pandemic revealed the flaws in the supply chain of meat production. After many meat plants were forced to shut their doors, fake meat stocks had a huge opportunity to capitalize on demand. Plant-based food companies became the face of the meat industry. The products are designed to mimic the look, feel and taste of meat. This allows companies in the industry to target meat-eaters as well as non-meat eaters. The plant substitute market in the U.S. is estimated to be worth $3.5 billion by 2026. While this is much smaller than the market for traditional meat products, the potential for growth is vast. 10 Best Stocks to Buy for Investors Under 30 If you want to jump on the alternative meats market before it takes off, here are three plant-based stocks worth buying:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Beyond Meat (NASDAQ:BYND) Impossible Foods Kellogg (NYSE:K) Plant-Based Stocks: Beyond Meat (BYND) Source: calimedia / Shutterstock.com One of the first plant-based stocks to list on the U.S. stock exchange is Beyond Meat. The company hit the market in 2019 and its shares are up more than 100% since then. Beyond Meat offers a wide range of alternative meat products with a strong emphasis on healthy eating. This trend accelerated this year as people try to boost their immunity during the pandemic. Many consider Beyond Meat to be a disruptor in the $1.4 trillion meat industry. Not only has the company secured a number of successful partnerships but also made the pivot to retail sales. A smart move on the company’s part, given that in-store business was down for many restaurants this year. During 2020, service revenue for its products was down 60% but retail revenue spiked by 194.9%. Beyond Meat is a shining star in an industry that is just getting started. Experts predict that by 2027, the market value for plant-based meat will reach a whopping $74.2 billion. Beyond Meat will be at the forefront of this growth, which will translate to higher sales and profits. Given the opportunity for growth in the market, this plant-based stock is worth your investment at its price point. Impossible Foods Source: Shutterstock What many consider to be Beyond Meat’s rival, Impossible Foods is a major player in the market for plant-based meat. The company saw an exponential rise in demand for its products as people made the switch to meat alternatives this year. Impossible Foods places a strong emphasis on innovation in plant-based meat, citing meat producers as its core competitor. Much like its peers, Impossible Foods gained a lot of traction in the mainstream market. The company partnered with Restaurant Brands International (NYSE:QSR)and Burger King. More recently it inked a deal with Walmart (NYSE:WMT) to distribute Impossible Food products at 2,400 stores. In addition to national brand recognition, the company is global. Impossible Foods expanded into Asia and will have its products sold in 200 outlets in Hong Kong and Singapore. 10 Best Stocks to Buy for Investors Under 30 These rapid expansion efforts led the market share to rise to 4.3% from 3% with greater upside ahead. Adding to this growth, the company announced that it will hire 100 scientists to work on additional plant-based products. It also secured $200 million in funding to finance research and development. Given the potential for growth, the future of Impossible Foods is undeniably bright. When the plant based stock goes public, it’s an investment that’s should be on your radar. Kellogg (K) Source: Shutterstock Breakfast cereal is the first thing that comes to mind when we think of Kellogg but the company is making its foray into alternative meats as well. Although the field is dominated by the likes of Beyond Meat and Impossible Foods, Kellogg launched its own line of plant-based meals. These include burger patties and nuggets that can be cooked at home. Kellogg’s goal is to expand its market to non-meat eaters. The Incogmeato products mimic those offered by alternative meat brands with a dozen additional ingredients. These products will be sold in stores alongside its MorningStar Farms brand. Although Kellogg is operating in a notably crowded space, it has two key advantages. One, the company sells the most popular veggie burger on the market. The plant-based patty will complement this product. Second, Kellogg’s Morningstar brand is sold in almost every major outlet, giving its fake meat products a huge retail footprint. The rollout of Kellogg’s alternative meat products was set for early 2020 but the pandemic delayed its plans. Nevertheless, they are still expected to hit shelves in the coming months. Plant-based stocks like Beyond Meat and Impossible Foods may be the pioneers of the alternative meats space but legacy companies like Kellogg could very well be the next big name. On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for InvestorPlace since 2020. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 3 Stocks to Buy for a Plant-Based Food Surge appeared first on InvestorPlace.
If you reinvest your recurring dividend payment along the way, those returns can grow even faster. Three stocks that you can buy today at some pretty low prices and that pay more than the average S&P 500 yield of 2% include Gilead Sciences (NASDAQ: GILD), Enbridge (NYSE: ENB), and the Kellogg Company (NYSE: K). Gilead has been an intriguing coronavirus stock, enjoying lots of optimism surrounding its antiviral drug, remdesivir.