General Mills (GIS) Raises Quarterly Dividend 4.5% to $0.46; New Director Elected

General Mills (NYSE: GIS) declared a quarterly dividend of $0.46 per share, or $1.84 annualized. This is a 4.5% increase from the prior dividend of $0.44.

The dividend will be payable on May 2, 2016, to stockholders of record on April 11, 2016, with an ex-dividend date of April 7, 2016.

The annual yield on the dividend is 3.1 percent.

General Mills also elected Maria G. Henry to its board of directors effective June 1, 2016.

Ms. Henry currently serves as Senior Vice President and Chief Financial Officer for the Kimberly-Clark Corporation, a global consumer products company, which she joined in 2015. Prior to joining Kimberly-Clark, Ms. Henry was Executive Vice President and Chief Financial Officer of Hillshire Brands, formerly known as Sara Lee Corporation. Earlier in her career, Ms. Henry served in various senior leadership positions in Finance and Strategy at three portfolio companies of Clayton, Dubilier, and Rice, most recently as Executive Vice President and Chief Financial Officer for Culligan International.

"Maria brings an excellent track record of financial leadership and shareholder value creation to our board," said Ken Powell, General Mills Chairman and CEO. "Her consumer packaged goods experience and her background in public and private companies will be assets as we continue to drive strong returns for General Mills shareholders."

For a dividend history and other dividend-related data on General Mills (GIS) click here.

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