General Mills Keeps Dividend Steady

General Mills (NYSE: GIS  ) is doling out another portion of shareholder payout. The company has declared its latest quarterly dividend, which is to be $0.38 per share paid on November 1 to shareholders of record as of October 10. That amount matches the firm's previous distribution, which was paid at the beginning of August. Prior to that, General Mills handed out $0.33 per share.

The company is one of the more storied dividend payers on the market. In the press release announcing the latest distribution, it pointed out that it and its predecessor have been dispensing payouts on an uninterrupted basis for 115 years.

The just-declared dividend annualizes to $1.52 per share. That yields 3.1% at General Mills' most recent closing stock price of $48.85.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2652866, ~/Articles/ArticleHandler.aspx, 4/20/2014 12:50:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement