Kellanova

Kellanova is the global snacking company created when Kellogg split in two, keeping brands such as Pringles, Cheez-It, Pop-Tarts and Rice Krispies Treats along with international cereal operations. The focus on snacks gives it faster-growing, higher-margin categories than the slower cereal business it left behind, with a strong presence in both developed and emerging markets. Because the current company emerged only recently from the Kellogg separation, its standalone dividend history is short, though it inherits a payer heritage from its predecessor. The yield is low so far, and the record is too young to judge a growth trend. The payout looks reasonably supported by steady snack-food cash flow, but the dividend story is still in an early, evolving stage.