General Mills (HAM:GRM) Dividend Payout Ratio: 0.64 (As of May. 2026) — 16% Above Median


HAM:GRM General Mills Inc HAM:GRM
52 GF Score
Price €32.70
GF Value €53.25
Valuation Significantly Undervalued
! 6 Warning Signs
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What is General Mills Dividend Payout Ratio?

General Mills HAM:GRM -0.79% 52 Dividend Payout Ratio is 0.64 as of May. 2026, which is 16% above its 10-year median of 0.55. GuruFocus rates HAM:GRM with a GF Score™ of 52/100 and a GF Value™ of €53.25 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 997 Consumer Packaged Goods companies, General Mills ranks worse than 73.42% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. General Mills's Dividend Payout Ratio for the months ended in May. 2026 was 0.64.

The historical rank and industry rank for General Mills's Dividend Payout Ratio or its related term are showing as below:

HAM:GRM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.55   Max: 0.69
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of General Mills was 0.69. The lowest was 0.50. And the median was 0.55.

HAM:GRM's Dividend Payout Ratio is ranked worse than
73.42% of 997 companies
in the Consumer Packaged Goods industry
Industry Median: 0.44 vs HAM:GRM: 0.51

As of today (2026-07-03), the Dividend Yield % of General Mills is 4.79%.

During the past 13 years, the highest Trailing Annual Dividend Yield of General Mills was 7.37%. The lowest was 2.35%. And the median was 3.46%.

General Mills's Dividends per Share for the months ended in May. 2026 was €0.52.

During the past 12 months, General Mills's average Dividends Per Share Growth Rate was 1.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of General Mills was 20.80% per year. The lowest was 0.00% per year. And the median was 5.60% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

General Mills (HAM:GRM) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

General Mills Dividend Payout Ratio Related Terms

General Mills Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for General Mills's Dividend Payout Ratio can be seen below:

* 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 Dividend Payout Ratio Chart

General Mills Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.52

General Mills Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.56 0.95 0.64

HAM:GRM vs HRL, MKC, JBS: Dividend Payout Ratio Comparison

For the Packaged Foods subindustry, General Mills's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where General Mills's Dividend Payout Ratio falls into.


HAM:GRM
52GF Score
General Mills Inc HAM:GRM
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Mills Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

General Mills's Dividend Payout Ratio for the fiscal year that ended in May. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: May. 2026 )/ EPS without NRI (A: May. 2026 )
=1.566/ 3.039
=0.52

General Mills's Dividend Payout Ratio for the quarter that ended in May. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: May. 2026 )/ EPS without NRI (Q: May. 2026 )
=0.522/ 0.813
=0.64

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.64 mean?
General Mills (HAM:GRM) has a Dividend Payout Ratio of 0.64 as of May. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on General Mills and its competitors. This is 16% above median its historical median of 0.55. Over the past decade, General Mills' Dividend Payout Ratio has ranged from 0.50 to 0.69. According to the industry distribution chart, General Mills ranks #732 out of 997 companies in the Consumer Packaged Goods industry, placing it in the top 73.4%.
Is General Mills' Dividend Payout Ratio too high?
General Mills' current Dividend Payout Ratio of 0.64 is 16% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 0.69. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.44. General Mills' value of 0.64 is 45.5% above this industry median. Based on the distribution chart, General Mills ranks #732 out of 997 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, General Mills has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does General Mills' Dividend Payout Ratio compare to HRL and MKC?
According to the Consumer Packaged Goods industry distribution chart, General Mills ranks #732 out of 997 companies for Dividend Payout Ratio. This places General Mills in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. General Mills' value of 0.64 is 45.5% above this benchmark. Historically, General Mills' own Dividend Payout Ratio has ranged from 0.50 to 0.69 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.44, General Mills has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Consumer Packaged Goods company?
The median Dividend Payout Ratio among Consumer Packaged Goods companies is 0.44, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. General Mills's current Dividend Payout Ratio of 0.64 is 45.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on General Mills and its competitors. For the Consumer Packaged Goods industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Mills's current Dividend Payout Ratio is 0.64, which is 16% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Mills stock overvalued right now?
Based on GuruFocus' analysis, General Mills (HAM:GRM) is currently considered Significantly Undervalued. The stock's GF Value™ is €53.25, compared to a current price of €32.70 — trading 38.6% below its estimated fair value. The current Dividend Payout Ratio is 0.64, which is 16% above median its 10-year median of 0.55 and 45.5% above the Consumer Packaged Goods industry median of 0.44. General Mills' overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For General Mills (HAM:GRM), the current Dividend Payout Ratio is 0.64 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is General Mills (HAM:GRM) Overvalued in 2026?

Based on GuruFocus' analysis, General Mills stock appears to be undervalued. The current stock price of €32.70 is trading 38.6% below its estimated GF Value™ of €53.25. GuruFocus considers General Mills to be Significantly Undervalued.

Key valuation signals for HAM:GRM:

  • Dividend Payout Ratio: 0.64 (16% above median its 10-year median of 0.55)
  • GF Value™: €53.25 vs. price of €32.70 (38.6% below fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 45.5% above the Consumer Packaged Goods median (#732 of 997)

No single metric tells the full story. See the HAM:GRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

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, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2025, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although 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.
52GF Score

Get the complete analysis for HAM:GRM

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.70
Price
€53.25
GF Value