General Mills declares quarterly dividend of $0.61 per share

MINNEAPOLIS - General Mills (NYSE:GIS) announced Monday that its Board of Directors has declared a quarterly dividend of $0.61 per share, maintaining its current dividend rate. The company currently offers a 4.87% dividend yield, and according to InvestingPro analysis, the stock appears slightly undervalued at its current market price near the 52-week low.

The dividend will be payable on November 3, 2025, to shareholders of record as of October 10, 2025, according to a press release statement from the company.

The food manufacturer noted that this payment continues its uninterrupted dividend history, with General Mills and its predecessor company having paid dividends for 127 consecutive years.

General Mills produces numerous well-known food brands including Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, and Betty Crocker. The company reported net sales of $19 billion for fiscal year 2025, with an additional $1 billion in non-consolidated joint venture net sales.

In other recent news, General Mills reported first-quarter earnings per share of $0.86, surpassing analyst estimates by $0.05. Despite this earnings beat, the company maintained its fiscal year 2026 guidance. UBS lowered its price target for General Mills to $47.00 from $49.00, citing growth concerns, while maintaining a Sell rating. Meanwhile, TD Cowen reiterated its Hold rating with a $48.00 price target after the company’s first-quarter results showed a 3% decline in organic sales, aligning with expectations. RBC Capital, on the other hand, kept its Outperform rating and $63.00 price target, highlighting sequential improvements in North America retail organic growth. Stifel also maintained its Buy rating with a $56.00 price target, noting that the earnings outperformance was largely due to timing factors expected to reverse in the second quarter. Mizuho reiterated its Neutral rating with a $57.00 price target, pointing out mixed results and ongoing volume pressure in North America Retail. These developments reflect a range of analyst perspectives on General Mills’ recent performance and future outlook.

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