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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): General Mills, Inc. (GIS) pays a $2.44 annual dividend ($0.61 quarterly), yielding 7.42% at $33.13/share. Next ex-dividend date 2026-10-13. 20 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 7.42%
Annual Dividend: $2.44 per share
Payout Ratio: 59.4%
Ex-Dividend Date: 2026-10-13
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 44
General Mills, Inc. dividend income comes from one of the most recognized names in packaged foods, with brands like Cheerios, Pillsbury, Blue Buffalo, and Häagen-Dazs spanning breakfast, baking, pet food, and frozen categories. GIS currently pays a 7.25% dividend yield, placing it firmly in high-yield territory. The trailing annual dividend rate is $2.44 per share, paid quarterly, with the next ex-dividend date on July 10, 2026. A beta of -0.047 means GIS stock moves almost independently of the broader market, a characteristic that appeals to income-focused investors who prioritize low correlation over price momentum.
General Mills, Inc. pays out -146.9% of earnings as dividends, a payout ratio classified as conservative (below 40%). That negative figure reflects an earnings anomaly in the trailing period rather than an unsustainable payout, and the company's broad portfolio of everyday food staples, from Progresso soups to Nature Valley bars, supports recurring consumer demand across its five operating segments. General Mills, Inc. dividend safety faces its most visible pressure from the payout ratio's dependence on normalized earnings: any further compression in net income would push the ratio deeper into negative territory, making the earnings baseline the key variable to watch.
General Mills, Inc. dividend history shows a CAGR of 5.3% per year from 2011 to 2025. Per-share payments grew from $1.17 to $2.42 over that window (2026 data is partial and excluded from the rate calculation). Growth was not linear: the largest single-year jump was 13.4% in 2014, while increases in 2018 and 2019 were essentially flat, with the annual dividend holding at $1.96 both years. That range, from near-zero to double-digit, shows the pace of GIS dividend growth has varied considerably depending on the year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.8% | $2.10 (2022) | $2.42 (2025) |
| 5-Year | +4.1% | $1.98 (2020) | $2.42 (2025) |
| 10-Year | +3.4% | $1.73 (2015) | $2.42 (2025) |
GIS fits income-focused investors who want a high-yield payer backed by a diversified portfolio of everyday food brands. The current yield of 7.25% sits above the 5-year average of 6.66%, meaning the stock is paying out more relative to price than it has historically. That is a high (above 4%) yield by any measure, and the 20 consecutive years of dividend increases add a degree of payment durability. The trade-off is growth: at 5.3% per year over 14 years, the dividend has grown, but not aggressively, and the negative trailing payout ratio introduces uncertainty about the earnings base supporting future increases. Income is the clear draw here; price appreciation and fast dividend growth are not.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-10 | $0.6100 |
| 2026-04-10 | $0.6100 |
| 2026-01-09 | $0.6100 |
| 2025-10-10 | $0.6100 |
| 2025-07-10 | $0.6100 |
| 2025-04-10 | $0.6000 |
| 2025-01-10 | $0.6000 |
| 2024-10-10 | $0.6000 |
| 2024-07-10 | $0.6000 |
| 2024-04-09 | $0.5900 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8300 |
| 2025 | $2.4200 |
| 2024 | $2.3800 |
| 2023 | $2.2600 |
| 2022 | $2.1000 |
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