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General Mills (General Mills) 3-Year Dividend Growth Rate

: 3.30% (As of Feb. 2024)
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General Mills's Dividends per Share for the three months ended in Feb. 2024 was $0.59.

The historical rank and industry rank for General Mills's 3-Year Dividend Growth Rate or its related term are showing as below:

GIS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.6   Med: 8.2   Max: 49
Current: 3.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of General Mills was 49.00% per year. The lowest was 0.60% per year. And the median was 8.20% per year.

GIS's 3-Year Dividend Growth Rate is ranked worse than
64.23% of 657 companies
in the Consumer Packaged Goods industry
Industry Median: 7.7 vs GIS: 3.30

During the past 12 months, General Mills's average Dividends Per Share Growth Rate was 8.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

General Mills's Dividend Payout Ratio for the three months ended in Feb. 2024 was 0.50. As of today, General Mills's Dividend Yield % is 3.44%.

Good Sign:

General Mills Inc stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Packaged Foods subindustry, General Mills's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Mills 3-Year Dividend Growth Rate Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where General Mills's 3-Year Dividend Growth Rate falls into.



General Mills 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


General Mills  (NYSE:GIS) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

General Mills's Dividend Payout Ratio for the quarter that ended in Feb. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2024 )/ EPS without NRI (Q: Feb. 2024 )
=0.59/ 1.17
=0.50

During the past 13 years, the highest Dividend Payout Ratio of General Mills was 0.63. The lowest was 0.50. And the median was 0.57.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

General Mills Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5902024-04-092024-04-102024-05-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.5902024-01-092024-01-102024-02-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.5902023-10-062023-10-102023-11-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.5902023-07-072023-07-102023-08-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

General Mills's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.36/68.51
=3.44 %

Current Share Price is $68.51.
General Mills's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.36.

During the past 13 years, the highest Dividend Yield of General Mills was 5.24%. The lowest was 2.35%. And the median was 3.13%.

Good Sign:

General Mills Inc stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


General Mills 3-Year Dividend Growth Rate Related Terms>


General Mills (General Mills) Business Description

Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
Executives
Werner Lanette Shaffer officer: Chief Innovation Officer ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
David Cordani director THE CIGNA GROUP, 900 COTTAGE GROVE ROAD, BLOOMFIELD CT 06002
Mark A Pallot officer: Chief Accounting Officer NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jodi J Benson officer: Chief Innovation Officer GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jacqueline Williams-roll officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Bethany C. Quam officer: Group President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
Jonathon Nudi officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Sean N Walker officer: Group President NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Shawn P Ogrady officer: SVP, Pres, Consumer Food Sales ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jeffrey L Harmening officer: Executive Vice President ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Dana M Mcnabb officer: Group President NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
C Kim Goodwin director C/O AKAMAI TECHNOLOGIES, INC., 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Karen Wilson Thissen officer: General Counsel & Secretary 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
John R Church officer: SVP, Supply Chain ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Richard C Allendorf officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426