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Consumer staples value stocks draw attention amid growth stock decline

The Motley Fool +1 · ·by G4L

KR Kroger Co
$69.49 +1.30%
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SJM SJM -0.40%
  1. 1Kroger will invest 5 billion in its investment plan through 2029 into price cuts and simplified promotions, partially offset by strengthening its private label brands.
  2. 2The J.M. Smucker board approved a dividend of 1.12 per common share last week.
  3. 3Conagra Brands reset its dividend lower this summer to align with business earnings.

So what's the key point?

Kroger decided to use 5 billion earned from its own brands to lower prices. J.M. Smucker decided to pay out 1.12 per share, and Conagra Brands lowered its dividend.

Source The Motley Fool +1 · View original ↗

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