“We view dividends and dividend growth as a key component of value creation for shareholders,” said Ken Powell, chairman and chief executive officer. “Over the past five years, which was a challenging period for the capital markets overall, General Mills’ dividends per share increased at an 11% compound annual rate. The company’s dividend yield has averaged roughly 3% over this same period.”
The new annualized dividend rate of $1.32 per share represents a yield of approximately 3.4% at recent market prices for General Mills shares.
