date:Jun 27, 2012
The new annualized dividend rate of $1.32 per share represents a yield of approximately 3.4% at recent market prices for General Mills shares.
We view dividends and dividend growth as a key component of value creation for shareholders, said Ken Powell, chairman and chief executive officer. Over the past five years, which was a challenging period for the capital markets overall, General Mills dividends per share increased at an 11% compound annual rate. The companys dividend yield has averaged ro