Dividend Overview
Dividend Yield
2.67%
Dividend / Share
$2.23
Kellanova
Exchange: NYSESector: Consumer DefensiveIndustry: Packaged Foods
Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods with a legacy stretching back more than 100 years. Powered by differentiated brands including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's Rice Krispies Treats®, RXBAR®, Eggo®, MorningStar Farms®, Special K®, Coco Pops®, and more, Kellanova's vision is to become the world's best-performing snacks-led powerhouse, unleashing the full potential of our differentiated brands and our passionate people. Our net sales for 2023 were $13 billion. At Kellanova, our purpose is to create better days and ensure everyone has a seat at the table through our trusted food brands. We are committed to promoting sustainable and equitable food access by tackling the crossroads of hunger, sustainability, wellbeing, and equity, diversity & inclusion. Our goal is to create Better Days for 4 billion people by the end of 2030 (from a 2015 baseline).
Did you know?
Capital expenditures decreased by 7% from FY23 to FY24.
Current Price
$83.44
GoodMoat Value
$70.21
15.9% overvaluedProfile
Valuation (TTM)
Market Cap$29.01B
P/E22.72
EV$34.97B
P/B7.68
Shares Out347.67M
P/Sales2.29
Revenue$12.67B
EV/EBITDA15.61
Kellanova (K) Dividends
GoodMoat Analysis
Kellanova's dividend profile is mixed for an income-focused value investor. The 2.67% yield is slightly above the sector average, but the high debt level and modest free cash flow yield raise questions about long-term sustainability and growth potential. The payout appears manageable but is not supported by a fortress balance sheet.
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Kellanova offers a dividend yield of 2.67%, which is moderately attractive and slightly above the typical yield for the consumer defensive sector. For sustainability, a key metric is the free cash flow (FCF) supporting the payout. With an FCF yield of 3.9%, the company generates enough cash to cover the dividend, but the margin of safety is not substantial. This aligns with a 'Neutral' assessment on the Quality Indicator for Free Cash Flow, as a >10-15% FCF margin is considered strong, and the current yield suggests a margin below that threshold. The company's balance sheet, however, is a point of caution. A Debt/Equity ratio of 1.68 indicates significant leverage, which is unfavourable against the framework's preference for a substantial net cash position and low debt (Debt/EBITDA < 1.0x). This leverage could constrain future dividend growth or pose a risk during economic stress. While the company has a history of dividend payments, the high ROE of 33.8% is positive, but the elevated debt load means this return is amplified by financial leverage rather than purely operational prowess. For an income investor, the dividend is currently funded, but the balance sheet strength and cash flow profile do not provide a high-conviction margin of safety for long-term sustainability or aggressive growth in the payout. Analysis based on data as of 2024-05-15.
Key Metrics
Market Cap
$29.01B
P/E Ratio
22.72
Forward P/E
—
EPS
$3.88
PEG Ratio
-1.35
Book Value
$10.86
Dividend Yield
2.67%
Profit Margin
10.08%
ROE
33.83%
Dividend History
Dividend Safety
K Dividend Analysis
Kellanova (K) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 2.67%. The annual dividend per share is $2.23.
P/E ratio: 22.72. Profit margin: 10.08%. Free cash flow: $1.13B. This page shows Kellanova's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Kellanova's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.