General Mills, Inc. (NYSE:GIS) Shareholders to Receive $0.61 Quarterly Dividend

Posted by Francis Steltz on Sep 30th, 2026

General Mills, Inc. (NYSE:GIS – Get Free Report) declared a quarterly dividend on Tuesday, September 29th. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.61 per share on Monday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, October 13th.

General Mills has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. General Mills has a payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect General Mills to earn $3.21 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 76.0%.

General Mills Trading Up 0.6%

GIS stock opened at $33.80 on Wednesday. General Mills has a 12 month low of $31.75 and a 12 month high of $51.26. The firm’s 50-day moving average is $37.51 and its 200 day moving average is $36.15. The company has a market capitalization of $18.07 billion, a PE ratio of -20.36, a P/E/G ratio of 1.81 and a beta of -0.01. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.70 and a quick ratio of 0.39.

General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings data on Wednesday, September 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.35 billion. General Mills had a negative net margin of 4.89% and a positive return on equity of 21.86%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. On average, research analysts anticipate that General Mills will post 3.09 EPS for the current year.

Key Headlines Impacting General Mills

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

Positive Sentiment: General Mills named current Chief Operating Officer Dana McNabb as its next chief executive officer, succeeding Jeff Harmening. McNabb’s operational experience could provide continuity while the company works to improve sales and profitability. General Mills Announces Dana McNabb as Chief Executive Officer
Positive Sentiment: The board declared a quarterly dividend of $0.61 per share, payable November 2 to shareholders of record October 13. The $2.44 annualized payout equates to an approximately 7.2% yield, reinforcing General Mills’ appeal to income-oriented investors. The company and its predecessor have paid dividends continuously for 128 years. General Mills Quarterly Dividend Declared
Neutral Sentiment: Analysts have a consensus price target of $36.59, above the stock’s recent trading level, but the target still reflects limited upside compared with the risks from weak earnings and declining sales. General Mills Stock Has Consensus Target Price of $36.59
Neutral Sentiment: General Mills completed its previously announced $4.93 billion share-repurchase program, buying back 73.1 million shares. The completed buyback supported past per-share results and reduced share count, but it does not provide the same ongoing demand support as an active repurchase program. Does General Mills’ Steep Profit Drop and Completed Buyback Shift the Bull Case for GIS?
Negative Sentiment: Fiscal first-quarter results showed weakening fundamentals: sales fell to $4.39 billion from $4.52 billion, while net income plunged to $397 million from $1.20 billion. Earnings from continuing operations declined to $0.74 per share from $2.22, intensifying concerns about the company’s valuation, leverage and ability to sustain its high dividend yield. General Mills Profit Drop and Completed Buyback
Negative Sentiment: Commentary on General Mills’ turnaround remains cautious. Organic sales were flat and North American retail trends improved sequentially, but analysts see a long recovery path and continued execution risk. General Mills Is Showing Signs of a Turnaround

General Mills Company Profile

(Get Free Report)

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its products include cereal, snack bars, refrigerated dough, baking mixes, yogurt, soup, meals, frozen foods, and pet food, serving retail, foodservice, and pet channels.

The company’s portfolio includes well-known brands such as Cheerios, Betty Crocker, Pillsbury, Nature Valley, Yoplait, Häagen-Dazs, Old El Paso, Progresso, Totino’s, Annie’s, and Blue Buffalo. General Mills sells its products primarily in the United States and also serves consumers in international markets across multiple regions.

General Mills traces its history to the Minneapolis Milling Company, established in 1856, and adopted the General Mills name following a 1928 combination of several milling businesses.