General Mills (General Mills) Dividend Payout Ratio

: 0.50 (As of Feb. 2024)

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General Mills's dividend payout ratio for the months ended in Feb. 2024 was 0.50.

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

GIS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.57 Max: 0.63
Current: 0.5

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.

GIS's Dividend Payout Ratio is ranked worse than
60.87% of 920 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs GIS: 0.50

As of today (2024-04-19), the Dividend Yield % of General Mills is 3.36%.

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

General Mills's Dividends per Share for the months ended in Feb. 2024 was $0.59.

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.

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.

The growth rate is calculated with least square regression.

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

General Mills Dividend Payout Ratio Historical Data

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.

* Premium members only.

General Mills Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Dividend Payout Ratio

0.61

0.50

0.53

0.52

0.50

General Mills Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Dividend Payout Ratio																0.56	0.48	0.54	0.47	0.50

Competitive 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 Distribution

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.

General Mills Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

General Mills's Dividend Payout Ratio for the fiscal year that ended in May. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: May. 2023 )	/	EPS without NRI (A: May. 2023 )
	=	2.16	/	4.3
	=	0.50

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

General Mills (NYSE:GIS) Dividend Payout Ratio Explanation

In dividends investing, 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

Thank you for viewing the detailed overview of General Mills's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

General Mills (General Mills) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (NYSE:GIS) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

GIS:Mexico GRM:Germany GRM:Germany GRM:Germany G1MI34:Brazil GIS:Austria

Address

Number One General Mills Boulevard, Minneapolis, MN, USA, 55426

Website

https://www.generalmills.com

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