General Mills Quarterly Dividend Declared

Rhea-AI Summary

The General Mills Board of Directors has announced a quarterly dividend of $0.51 per share, reflecting a 4% increase from last year's $0.49. This dividend is payable on August 2, 2021, to shareholders of record as of July 9, 2021. General Mills has maintained uninterrupted dividend payments for 122 years, showcasing its commitment to returning value to shareholders. In fiscal 2020, the company reported net sales of $17.6 billion, along with an additional $1.0 billion from non-consolidated joint ventures.

Positive

• Quarterly dividend increased by 4% to $0.51 per share.
• Uninterrupted dividend payments for 122 years, indicating strong financial stability.
• Fiscal 2020 net sales reached $17.6 billion.

Negative

• None.

The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.51 per share, payable August 2, 2021, to shareholders of record as of July 9, 2021. The current quarterly dividend rate represents a 4 percent increase from the $0.49 per share rate paid a year ago. General Mills (NYSE: GIS) and its predecessor company have paid dividends without interruption for 122 years.

About General Mills

General Mills is a leading global food company whose purpose is to make food the world loves. Its brands include Cheerios, Annie's, Yoplait, Nature Valley, Häagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki, BLUE and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2020 net sales of U.S. $17.6 billion. In addition, General Mills’ share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210629005853/en/

FAQ

What is the dividend amount declared by General Mills in 2021?

General Mills declared a quarterly dividend of $0.51 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on August 2, 2021.

What was the previous dividend rate before the increase?

The previous dividend rate was $0.49 per share.

How long has General Mills been paying dividends?

General Mills has paid dividends without interruption for 122 years.

What were General Mills' net sales for fiscal 2020?

General Mills reported net sales of $17.6 billion for fiscal 2020.