This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

General Mills Announces 15 Percent Dividend Increase, Extending Century-Long Dividend Record

Stocks in this article: GIS

MINNEAPOLIS, March 12, 2013 /PRNewswire/ -- General Mills (NYSE: GIS) said today that its Board of Directors has declared a quarterly dividend payable May 1, 2013, and also approved a 15 percent increase in the dividend rate effective with the Aug. 1, 2013, payment.

The May 1, 2013, dividend of $0.33 per share will be payable to General Mills shareholders of record April 10, 2013.  The Aug. 1, 2013, quarterly dividend of $0.38 per share will be payable to shareholders of record July 10, 2013.  The company's new annualized dividend rate for fiscal 2014 of $1.52 represents a yield of approximately 3.3 percent at recent market prices for General Mills' common stock.

General Mills and its predecessor firm have paid shareholder dividends without interruption or reduction for 114 years.  Few American companies can match this record of consistent cash return to shareholders. 

Chairman and Chief Executive Officer Ken Powell said, "The growth of our dividends over this long period of time is testimony to the resilience of General Mills' food businesses, our strong financial condition, and our company's commitment to delivering superior returns to our shareholders."

Over the most recent five fiscal years, General Mills dividends per share grew at an 11 percent compound rate.  Total return to General Mills shareholders from stock price appreciation and dividends over the most recent five-year period has compounded at 14 percent per year.  During this same period, the average annual return for the S&P 500 index was 6 percent.

The General Mills dividend increase announced today is the 14 th increase in the quarterly rate since 2004.

(Logo: http://photos.prnewswire.com/prnh/20130218/MM61906LOGO )

SOURCE General Mills

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs