General Mills's latest quarterly cash dividend of $0.54 per share was issued to shareholders on record before Oct 6, 2022. The dividend distribution stands at $2.1 per share annually, which comes to a dividend yield of 2.41%.
GIS has a dividend yield of 2.41% which is higher than the Consumer Defensive sector and the industry average but lower than its peers average. In comparison with the Consumer Defensive sector average of 2.11%, General Mills's dividend yield is 14% higher. Historically GIS's dividend yield has averaged at 3.6% in the last 5 years, which is higher than the current one.
General Mills has been paying dividends for the last 28 years. Our records show that GIS has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 2.9% since twelve months ago. However with the price of the stock up by 35% from a year ago, the dividend yield has a decrease of 24%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Oct 6, 2022 | Nov 1, 2022 | $0.54 | normal | |
| Jul 7, 2022 | Aug 1, 2022 | Jun 29, 2022 | $0.54 | normal |
| Apr 7, 2022 | May 2, 2022 | Jan 24, 2022 | $0.51 | normal |
| Jan 7, 2022 | Feb 1, 2022 | Nov 15, 2021 | $0.51 | normal |
| Oct 7, 2021 | Nov 1, 2021 | Sep 27, 2021 | $0.51 | normal |
| Jul 8, 2021 | Aug 2, 2021 | Jun 29, 2021 | $0.51 | normal |
| Apr 8, 2021 | May 3, 2021 | Jan 25, 2021 | $0.51 | normal |
| Jan 7, 2021 | Feb 1, 2021 | Nov 9, 2020 | $0.51 | normal |
| Oct 8, 2020 | Nov 2, 2020 | Sep 23, 2020 | $0.51 | normal |
| Jul 9, 2020 | Aug 3, 2020 | Jun 30, 2020 | $0.49 | normal |
| Apr 8, 2020 | May 1, 2020 | Jan 27, 2020 | $0.49 | normal |
| Jan 9, 2020 | Feb 3, 2020 | Nov 18, 2019 | $0.49 | normal |
| Oct 9, 2019 | Nov 1, 2019 | Sep 24, 2019 | $0.49 | normal |
| Jul 9, 2019 | Aug 1, 2019 | Jun 25, 2019 | $0.49 | normal |
| Apr 9, 2019 | May 1, 2019 | Feb 5, 2019 | $0.49 | normal |
| Jan 9, 2019 | Feb 1, 2019 | Nov 6, 2018 | $0.49 | normal |
| Oct 9, 2018 | Nov 1, 2018 | Sep 25, 2018 | $0.49 | normal |
| Jul 9, 2018 | Aug 1, 2018 | Jun 26, 2018 | $0.49 | normal |
| Apr 9, 2018 | May 1, 2018 | Mar 19, 2018 | $0.49 | normal |
| Jan 9, 2018 | Feb 1, 2018 | Dec 20, 2017 | $0.49 | normal |
| Oct 6, 2017 | Nov 1, 2017 | Sep 26, 2017 | $0.49 | normal |
| Jul 6, 2017 | Aug 1, 2017 | Jun 28, 2017 | $0.49 | normal |
| Apr 6, 2017 | May 1, 2017 | Mar 14, 2017 | $0.48 | normal |
| Jan 6, 2017 | Feb 1, 2017 | Dec 13, 2016 | $0.48 | normal |
| Oct 5, 2016 | Nov 1, 2016 | Sep 27, 2016 | $0.48 | normal |
| Jul 7, 2016 | Aug 1, 2016 | Jun 29, 2016 | $0.48 | normal |
| Apr 7, 2016 | May 2, 2016 | Mar 8, 2016 | $0.46 | normal |
| Jan 7, 2016 | Feb 1, 2016 | Dec 15, 2015 | $0.44 | normal |
| Oct 7, 2015 | Nov 2, 2015 | Sep 29, 2015 | $0.44 | normal |
GIS has a payout ratio of 43.8% which is lower than the Consumer Defensive sector, the industry and its peers average. If we compare it with the Consumer Defensive sector average of 51.8%, General Mills's payout ratio is 15% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CAG Conagra Brands Inc | 3.34% | $1.29 | 108.1% |
| K Kellogg Co | 3.19% | $2.34 | 53.4% |
| SJM J M SMUCKER Co | 2.6% | $4.05 | 75.8% |
| GIS General Mills Inc | 2.4% | $2.1 | 43.8% |
| MDLZ Mondelez International Inc | 2.12% | $1.44 | 63.2% |
Yes, General Mills has been paying dividends for the last 28 years.
GIS's next dividend is scheduled on Jan 9, 2023 (ex-date).
General Mills's last dividend ex-date was on Oct 6, 2022. The dividend amount was $0.54 per share.
GIS's annualized dividend per share is $2.1.
General Mills's current dividend yield is 2.41%.
General Mills pays dividends quarterly.
General Mills's dividend payout ratio is 43.8%.
General Mills's dividend yield is higher than the Consumer Defensive sector average.