General Mills hikes dividend by 1.7%

General Mills (GIS) will hike its quarterly dividend by 1.7% to a new record high of 61 cents per share in 2025. This marks the 6th consecutive year of increases.

The dividend yield for GIS is 4.8% at a stock price of $50.52. Last year GIS also did a small 1.7% dividend increase.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods and pet food products sold through retail stores and online. Its brands include Cheerios, Annie's, Betty Crocker and Blue Buffalo Pet Products. General Mills has four segments: U.S. Retail, International, Pet operating, and Convenience Stores and Foodservice. The company's Convenience Stores and Foodservice segment's product categories include ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. In 2018 General Mills acquired Blue Buffalo Pet Products, Inc. The company has paid a dividend to its shareholders every year since at least 1899.