General Mills hikes dividend

by Eric Schroeder
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MINNEAPOLIS — The board of directors of General Mills, Inc. has approved a 7.5% increase to its quarterly dividend to 43c per share from 40c per share, payable Aug. 1 to shareholders of record as of July 10. The new annualized rate of $1.72 per share represents a 10% increase over dividends of $1.57 per share paid in fiscal 2008.

General Mills and its predecessor companies have paid uninterrupted dividends without reduction for 109 years.

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