Even With Elon Musk's SpaceX Stock (SPCX) Down Below Its IPO Price, I'd Still Rather Buy This Dividend Stock in July

The article argues that despite SpaceX (SPCX.OQ) being a high-profile IPO that has fallen below its offering price, General Mills looks like the better investment. It highlights General Mills’ defensive business profile, long dividend history, share repurchases, and relatively cheap valuation after recent weakness. The piece says General Mills has a 6.3% dividend yield, a 127-year streak of dividend payments, and a total shareholder yield of 8.7%. It also notes a forward P/E of 12.5 versus a five-year average of 15, and a price-to-sales ratio of 1.1 versus a five-year average of 1.8. Management is targeting $3 billion in cumulative cost savings by fiscal 2030 and expects “timing headwinds” to turn into tailwinds in Q4. Overall, the market takeaway is that investors seeking recession-resistant, income-producing stocks may prefer GIS over a speculative SpaceX position.