General Mills, Inc. (NYSE:GIS) Declares $0.61 Quarterly Dividend

General Mills, Inc. (NYSE:GIS) declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Friday, July 10th will be paid a dividend of 0.61 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend 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. Analysts expect General Mills to earn $3.16 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 77.2%.

General Mills Stock Performance

NYSE:GIS opened at $37.61 on Thursday. The firm has a 50-day moving average of $34.18 and a two-hundred day moving average of $39.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The stock has a market cap of $20.07 billion, a P/E ratio of 9.20 and a beta of -0.03. General Mills has a 1-year low of $31.75 and a 1-year high of $54.18.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, research analysts expect that General Mills will post 3.42 earnings per share for the current fiscal year.

General Mills News Summary

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills beat Wall Street estimates for both earnings and revenue, with adjusted EPS of $0.95 versus $0.80 expected and sales of $4.61 billion versus $4.59 billion expected, signaling resilient demand in packaged foods. Reuters: General Mills beats quarterly estimates on steady staples demand, higher prices
• Positive Sentiment: Management announced a plan to generate about $3 billion in cost savings, which investors view as a way to protect margins and offset inflation and softer consumer spending. Article: Why General Mills Stock Jumped Today
• Positive Sentiment: The company also maintained its quarterly dividend, reinforcing its appeal as a defensive income stock while earnings improve. Article: General Mills (GIS) Stock Climbs on Dividend Stability and $3B Cost Reduction Plan
• Neutral Sentiment: Conference call commentary emphasized brand investment, innovation, protein-focused products, and pet food as long-term growth drivers, but also highlighted ongoing pressure from inflation and changing consumer behavior. TipRanks: General Mills Earnings Call Balances Progress And Pressure
• Negative Sentiment: Despite the beat, fiscal 2027 EPS guidance of $3.00 to $3.20 came in below the Street’s roughly $3.13 estimate, which could limit upside if investors focus on slower forward growth. Article: General Mills tops quarterly expectations despite cautious FY2027 outlook

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.