10 Defensive Dividend Stocks To Buy During Market Sell Off

5. General Mills, Inc. (NYSE:GIS)

General Mills manufactures and sells consumer foods across the globe. Some of its brands include Cocoa Puffs, Betty Crocker, Chex, Cheerios, Trix, and many more. The company’s stock offers a healthy 4.03% dividend yield.

GIS stock has a healthy dividend yield partly because its stock hasn’t gone anywhere in the last year and a half, with disappointing growth rates. This is what makes the stock’s yield and valuation so attractive, with it trading at a PE ratio of just 13.53. 2025 isn’t going to be a blockbuster year either, but looking at what comes after that is where the opportunity lies.

For starters, the strengthening euro is likely to help the company boost its profits. If inflation rises, GIS will have more room to increase prices and profitability, though it might take a few quarters for that to translate to the bottom line.

The firm is also restructuring its yogurt business and has a renewed focus on its pet segment. This could help with the turnaround and 4% is a very attractive yield to have while one waits for it.