General Mills Keeps Dividend Steady

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General Mills is doling out another portion of shareholder payout. The company has declared its latest quarterly dividend, which is to be $0.38 per share paid on November 1 to shareholders of record as of October 10. That amount matches the firm's previous distribution, which was paid at the beginning of August. Prior to that, General Mills handed out $0.33 per share.

The company is one of the more storied dividend payers on the market. In the press release announcing the latest distribution, it pointed out that it and its predecessor have been dispensing payouts on an uninterrupted basis for 115 years.

The just-declared dividend annualizes to $1.52 per share. That yields 3.1% at General Mills' most recent closing stock price of $48.85.

The article General Mills Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in General Mills, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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