Conagra Brands carries the highest dividend yield in the S&P 500 at 10.2%, but Wall Street is pricing in a potential cut of 50% or more. The consumer staples maker posted adjusted earnings of $0.39 per share in its fiscal third quarter of 2026 against a $0.35 dividend, yet adjusted earnings fell over 20% year over year amid industry headwinds. Conagra has $4.5 billion in debt maturing between 2026 and 2029 and its own 10-K warned that leverage could negatively impact its ability to pay an attractive dividend. The risk intensified on April 13 when the company appointed a new CEO, a move that often precedes a dividend reset to free up cash for debt reduction.
Conagra Brands, Inc.High dividend yield at risk due to debt load and potential dividend cut; new CEO often precedes dividend reset.