On July 18, media and publishing company Gannett said its board approved a 100% increase to its quarterly dividend, paying 8 cents per share, up from 4 cents. The higher payout will be available on Oct. 3 to shareholders of record on Sept. 9. That will bring Gannett's dividend yield to around 2.4%. On June 30, Darden Restaurants, the operator of Red Lobster, Olive Garden and LongHorn Steakhouse restaurants, said it increased its dividend by 34.4% to 43 cents per share, up from 32 cents. The higher dividend will be paid on Aug. 1 to shareholders of record on July 11, bringing its yield to around 3.2%.
On June 28, General Mills increased its quarterly dividend to 30.5 cents per share, 8.9% higher than its prior payout of 28 cents per share. The next dividend will be paid on Aug. 1 to shareholders of record on July 11. That brings General Mills' yield to around 3.2%. Not all consumer stocks have raised their diviends, but many maintained the cash they paid their shareholders recently.