General Mills increases dividend

  • Updated: March 12, 2013 - 9:34 PM
hide

General Mills corporate headquarters in Golden Valley.

Photo: Glen Stubbe, Star Tribune

CameraStar Tribune photo galleries

Cameraview larger

General Mills Inc. on Tuesday announced a 15 percent increase in its dividend rate, marking 114 consecutive years of such increases.

The Golden Valley-based packaged food giant’s dividend will rise from 33 cents to 38 cents per share effective with the Aug. 1 payment. The new annualized dividend rate of $1.52 represents a yield of about 3.3 percent at recent prices for General Mills stock.

General Mills’ dividend streak began with its predecessor firm — Minneapolis flour miller Washburn Crosby Co.

MIKE HUGHLETT

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

Advertisement
Golden Gavel by Star Tribune

Countdown to great deals

Bid Sept. 21-29

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close