Minneapolis / MN. (gm) The General Mills Board of Directors declared a four-cent increase in the quarterly dividend rate to 0,47 USD per share, payable August 03, 2009 to shareholders of record July 10, 2009. The new annualized dividend rate of 1,88 USD per share represents a nine percent increase over dividends of 1,72 USD per share paid in fiscal 2009. «Strong and growing cash dividends are an important component of General Mills´ total return to our shareholders», said Chairman and Chief Executive Officer Ken Powell. «The nine percent dividend increase announced is a reflection of our company´s robust financial condition and excellent future growth prospects». General Mills and its predecessor firm have now paid shareholder dividends without interruption or reduction for 110 years. Based on the June 29 closing price of 55,84 USD for General Mills common shares, the new annualized dividend rate of 1,88 USD represents a yield of 3,4 percent.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- SSP Group: announces Third Quarter Trading Update 2024
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy