General Mills, Inc. (GIS) to Issue Quarterly Dividend of $0.61 on May 1st

General Mills, Inc. (NYSE:GIS) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.61 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, April 10th.

General Mills has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. General Mills has a payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect General Mills to earn $4.46 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 54.7%.

General Mills Trading Down 0.9%

Shares of General Mills stock traded down $0.42 during trading hours on Wednesday, hitting $44.30. The company’s stock had a trading volume of 2,742,694 shares, compared to its average volume of 8,385,643. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills has a 1-year low of $42.78 and a 1-year high of $67.35. The company has a market capitalization of $23.63 billion, a PE ratio of 9.54 and a beta of -0.06. The business has a fifty day moving average of $46.05 and a 200 day moving average of $48.06.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities analysts forecast that General Mills will post 4.36 EPS for the current year.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the sale, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

Institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new position in General Mills during the 3rd quarter valued at $25,000. Close Asset Management Ltd bought a new position in shares of General Mills in the third quarter worth about $28,000. Davis Capital Management purchased a new position in General Mills in the 3rd quarter worth about $29,000. Salomon & Ludwin LLC lifted its holdings in General Mills by 1,094.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after buying an additional 591 shares in the last quarter. Finally, Financial Consulate Inc. purchased a new stake in General Mills in the 3rd quarter valued at about $32,000. Institutional investors own 75.71% of the company’s stock.

About General Mills

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.