This High-Yield Stock Has a Secret Weapon
Conagra (NYSE: CAG) has a collection of iconic brands and is a key partner for grocery stores and other retailers. It's also an attractive income stock for investors, with 4% dividend yield. There's a symbiotic relationship between Conagra and retailers that is important to protect, and both sides know it. That is why Conagra has been able to push through material price increases in the face of inflation. Here's one of the biggest secrets in that effort.
No company wants to call its customers and tell them that price increases are in the cards. Inflation like what the United States has faced over the past year or so, however, makes that call a necessity for any company that wants to protect its margins. This time around, that conversation has happened multiple times in the food space, as input price increases have continued to ratchet higher and higher.
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Source Fool.com
