General Mills Quarterly Dividend Declared

Rhea-AI Summary

The Board of Directors of General Mills has declared a quarterly dividend of $0.54 per share, payable on November 1, 2022 to shareholders recorded by October 10, 2022. This dividend marks 124 years of uninterrupted payments by the company. In fiscal 2022, General Mills reported net sales of $19.0 billion, alongside $1.1 billion from non-consolidated joint ventures, reflecting the company's commitment to building value and innovation in its extensive brand portfolio.

Positive

• Quarterly dividend of $0.54 announced, payable November 1, 2022, highlighting consistent shareholder returns.
• 124 years of uninterrupted dividend payments demonstrate strong financial stability and commitment to shareholders.
• Fiscal 2022 net sales reached $19.0 billion, showcasing robust revenue generation.
• Non-consolidated joint ventures contributed an additional $1.1 billion in sales.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.54 per share, payable November 1, 2022, to shareholders of record as of October 10, 2022. General Mills (NYSE: GIS) and its predecessor company have paid dividends without interruption for 124 years.

About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and standing for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie’s, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2022 net sales of U.S. $19.0 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1.1 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005269/en/

(Investors) Jeff Siemon: +1-763-764-2301

(Media) Kelsey Roemhildt: +1-763-764-6364

Source: General Mills

FAQ

What is the current dividend rate for General Mills (GIS)?

General Mills has declared a quarterly dividend of $0.54 per share.

When will the General Mills dividend be paid?

The dividend will be paid on November 1, 2022.

What is the record date for General Mills' dividend?

The record date for the dividend is October 10, 2022.

How long has General Mills been paying dividends?

General Mills has paid dividends without interruption for 124 years.

What were General Mills’ sales figures for fiscal 2022?

In fiscal 2022, General Mills generated net sales of $19.0 billion.