Conagra Brands Reports Q1 Losses and Declares Dividend
Conagra Brands (CAG) announced a quarterly dividend of $0.35 per share, payable on November 27, 2024. However, the company reported disappointing Q1 results, missing earnings and revenue estimates, leading to an 8% drop in stock price. Manufacturing disruptions and inflationary pressures contributed to a 3.8% year-over-year revenue decline.