General Mills hikes dividend 8%

by Eric Schroeder
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MINNEAPOLIS — The board of directors of General Mills, Inc. approved a quarterly dividend increase to 39c per share, payable Aug. 1 to shareholders of record as of July 10.

The new annualized rate of $1.56 per share represents an 8% increase over dividends of $1.44 per share paid in fiscal 2007.

General Mills and its predecessor companies have paid uninterrupted dividends without reduction for 108 years.

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