Wednesday, June 27, 2012
This Stock Has Paid Dividends For 113 Years, and Just Announced Its 9th Consecutive Increase
General Mills (GIS) has one of the longest dividend histories in corporate America. The company and its predecessor firm have paid shareholder dividends, without interruption or reduction, for 113 years. With the latest dividend boost announced Tuesday, the company extended its streak of consecutive increases to nine years.
June 26th the company increased its quarterly dividend 8% to $0.33 per share. The dividend is payable Aug. 1, 2012, to shareholders of record July 10, 2012. The yield based on the new payout is 3.5%.
“We view dividends and dividend growth as a key component of value creation for shareholders,” said General Mills Chairman and Chief Executive Officer Ken Powell.
Over the past five years, which was a challenging period for the capital markets overall, General Mills’ dividends per share increased at an 11 percent compound annual rate. The company’s dividend yield has averaged roughly 3 percent over this same period.
GIS manufactures and markets branded packaged consumer food products worldwide, including Big G cereals and Betty Crocker desserts/baking mixes. It also supplies branded and unbranded food products to the foodservice and commercial baking industries.
Full Disclosure: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
- 7 Exceptional Dividend Growth Stocks With Quality Financials
- Wealth is a Journey, Dividend Stocks Can Take You There
- 5 Higher-Yielding, Income Growing Tech Stocks
- Warning Signs of an Imminent Dividend Cut
- 7 Higher-Yielding Consumer Stocks To Build Your Yield
Popular Posts - Last 7 days
Dividend growth stocks come in all shapes and sizes. Some are high-yield and low-growth, while others are high-growth and low-yield. There ...
Linked here is a detailed quantitative analysis of McDonald's Corporation (MCD). Below are some highlights from the above linked analys...
Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in January, extending th...
Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Compan...
I am not a stock trader; I am a dividend and value based long-term buy-and-hold investor. When I add a stock to my dividend portfolio, it is...
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Each Sunday I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles ...
Monday, October 31, 2011 will mark my fourth full year of writing as Dividends4Life . It is hard to believe another year has passed. Like th...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
D4L-Premium Services is designed to provide the busy dividend growth investor with a wealth of relevant information. Each week the D4L-Premi...