General Mills hikes dividend 8%
June 25, 2007
by Eric Schroeder
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.