Campbell's cuts dividend 36% after tough FY2026, shares drop amid margin pressure and weak outlook.

Campbell's Company reduced its dividend by 36% following a challenging fiscal year 2026 marked by margin compression and declining sales in its Meals & Beverages and Snacks segments. The company aims to save $500 million in costs to stabilize operations. Despite a 4.7% dividend yield and a forward P/E of 12.39x, ongoing inflation and a weak outlook suggest a slow recovery, leading to a hold rating with shares expected to trade within a range for now.