General Mills (GIS) reported an strong adjusted EPS of $1.00, beating analyst estimates by $0.13 and increasing 26.6% versus the same quarter last year. Revenue of $4.36 billion also beats analysts estimates by $150 million and grows 9.0% year-over-year. The company announced an increase of its quarterly per share dividend by 4.1%, from $0.49 to $0.51. This is the company’s first dividend increase since 2017. The forward dividend yield is now 3.5%
General Mills is not a dividend aristocrat, but one of the few companies that paid over 100 years of dividend.
