EX-Dividend Schedule: General Mills Has a Dividend Yield of 4.42%; Will Trade Ex-Dividend on April 09, 2018

LONDON, UK / ACCESSWIRE / April 6, 2018 / Active-Investors has a free review on General Mills, Inc. (NYSE: GIS) following the Company’s announcement that it will begin trading ex-dividend on April 09, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 06, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GIS:

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Dividend Declared

On March 19, 2018, General Mills’ Board of Directors declared a quarterly dividend at the prevailing rate of $0.49 per share, payable May 01, 2018, to shareholders of record as of April 10, 2018.

General Mills’ indicated dividend represents a yield of 4.42%, which is more than double compared to the average dividend yield of 1.86% for the Consumer Goods sector. General Mills and its predecessor company have paid dividends without interruption for 119 years.

Dividend Insight

General Mills has a dividend payout ratio of 63.4%, which indicates that the Company spends approximately $0.63 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, General Mills is forecasted to report earnings of $3.24 for the next year, which is substantially higher than the Company’s annualized dividend of $1.96 per share.

General Mills’ cash provided by operating activities totaled $2.14 billion through nine months of fiscal 2018, up 29% on a y-o-y basis, while the Company’s free cash flow increased 47% to $1.7 billion. General Mills dividends paid year-to-date totaled $846 million. During the first nine months of 2018, General Mills repurchased 10.9 million shares of common stock for a total of $601 million. As of February 28, 2018, the Company’s cash and cash equivalents totaled $953.1 million compared to $899.1 million as on February 25, 2017. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About General Mills, Inc.

General Mills is a leading global food company that serves the world by making food people love. Its brands include Cheerios, Annie’s, Yoplait, Nature Valley, Fiber One, Häagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki, and more.

Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2017 consolidated net sales of US $15.6 billion as well as another US $1.0 billion from its proportionate share of joint venture net sales.

Stock Performance Snapshot

April 05, 2018 – At Thursday’s closing bell, General Mills’ stock slightly advanced 0.13%, ending the trading session at $45.43.

Volume traded for the day: 5.37 million shares.

After yesterday’s close, General Mills’ market cap was at $26.01 billion.

Price to Earnings (P/E) ratio was at 15.79.

The stock has a dividend yield of 4.31%.

The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry. This sector was up 0.6% at the end of the session.

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