New Annualized Rate of $1.32 per Share Represents a 3.4 Percent Yield
Extending a 113-year Record of Dividends Paid Without Interruption or
MINNEAPOLIS--(BUSINESS WIRE)--Jun. 26, 2012--
General Mills (NYSE: GIS) said today that its board of directors has
approved an 8 percent dividend increase for General Mills common stock.
The new quarterly dividend of $0.33 per share is payable Aug. 1, 2012,
to shareholders of record July 10, 2012.
The new annualized dividend rate of $1.32 per share represents a yield
of roughly 3.4 percent at recent market prices for General Mills shares.
“We view dividends and dividend growth as a key component of value
creation for shareholders,” said General Mills Chairman and Chief
Executive Officer Ken Powell. Over the past five years, which was a
challenging period for the capital markets overall, General Mills’
dividends per share increased at an 11 percent compound annual rate. The
company’s dividend yield has averaged roughly 3 percent over this same
General Mills has one of the longest dividend histories in corporate
America. The company and its predecessor firm have paid shareholder
dividends, without interruption or reduction, for 113 years.
Source: General Mills
Kris Wenker, 763-764-2607