Kellogg Is Finally Yielding Over 3% Again, But I'll Wait For A Further Pullback
- Since my most recent article on the company, shares in Kellogg have dropped by over 5%.
- The dividend has since been increased by $0.03, or 6.5%.
- K isn't as overvalued as it was a few months ago, but it's still trading slightly above 5-year average p/e and p/s ratios.
- I'll be buying the stock if and when it hits $60 in order to get a margin of safety.