General Mills, Inc. (GIS) To Go Ex-Dividend on July 10th

General Mills, Inc. (NYSE:GIS) announced a quarterly dividend on Wednesday, July 1st. Shareholders of record on Friday, July 10th will be given a dividend of 0.61 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, July 10th.

General Mills has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. General Mills has a dividend payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect General Mills to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 74.4%.

General Mills Price Performance

NYSE GIS opened at $37.16 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The company has a market cap of $19.84 billion, a PE ratio of -206.46 and a beta of -0.03. General Mills has a 52 week low of $31.75 and a 52 week high of $52.51. The firm’s 50-day simple moving average is $34.33 and its two-hundred day simple moving average is $39.59.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts predict that General Mills will post 3.08 earnings per share for the current year.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.