General Mills Stock To Go Ex-dividend Tomorrow (GIS)

NEW YORK ( TheStreet) -- The ex-dividend date for General Mills (NYSE: GIS) is tomorrow, July 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $39.04 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for General Mills has been 3.9 million shares per day over the past 30 days. General Mills has a market cap of $25.26 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 3.4% year to date as of the close of trading on Tuesday.

General Mills, Inc. manufactures and markets branded consumer foods worldwide. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company has a P/E ratio of 16.6, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Mills as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full General Mills Ratings Report.

See our dividend calendar or top-yielding stocks list.
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