SmarterDividends
GIS

General Mills, Inc.

GIS

Consumer Defensive · Packaged Foods · Stock · quarterly payer

$33.70

Undervalued · +43% Add to Portfolio

Forward Yield

7.24%

Annual Dividend

$2.44

Payout Ratio

59%

5-Yr Growth

4.1%

Ex-Date

Oct 13, 2026

Frequency

Quarterly

Key facts about GIS's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, General Mills, Inc. (GIS) has a forward dividend yield of 7.24%, based on an annual dividend of $2.44 per share and a share price of $33.70.
  • As of Oct 27, 2026, GIS's dividend safety grade from SmarterDividends is B (75 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, General Mills, Inc. (GIS) has raised its dividend for 6 consecutive years as of Oct 27, 2026.
  • GIS last cut its regular dividend in 2005.
  • GIS's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.61 per share.
  • As of Oct 27, 2026, GIS pays out 59% of its trailing 12-month earnings as dividends (its payout ratio).
  • GIS's dividend has grown at an average rate of 4.1% a year over the past five years.
  • As of Oct 27, 2026, GIS's 7.24% yield is 109% above its five-year average yield of 3.46%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for GIS is $48.03 per share, 43% above the $33.70 share price, so GIS screens as undervalued.
  • General Mills, Inc. (GIS) pays its dividend quarterly, 4 times a year.
  • General Mills, Inc. (GIS) has raised its regular dividend 39 times and cut it 1 time across the 173 payments on record since 1983. Its most recent change was a 1.7% increase to $0.610 per share, going ex-dividend on Jul 10, 2025. The last cut went ex-dividend on Apr 7, 2005.
  • General Mills (GIS) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 1.7%, was declared on Jun 25, 2025.
Cite this page

SmarterDividends, "GIS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/GIS

Summary

As of Oct 27, 2026, General Mills, Inc. (GIS) yields 7.24% ($2.44 a year per share), has a dividend safety grade of B (75/100) and has 6 consecutive years of dividend increases on record.

Is GIS a good dividend stock?

Yes

General Mills, Inc. (GIS) pays a quarterly dividend yielding 7.24% ($2.44/yr), with 6 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (59%)

Risks

  • Cut its dividend in 2005
  • Share price is down over the past 5 years

Key Data

Dividend Yield
7.24%
Payout Ratio
59%
Annual Dividend
$2.44
5-Yr Avg Growth
4.1%
Ex-Dividend Date
Oct 13, 2026
Years of Growth
6
Frequency
quarterly
Beta
0.02
Market Cap
$18.0B
P/E Ratio
—
5-Yr Total Return
-44%
52-Week Range
$31.18 – $49.59
Dividend Safety
B · 75/100
Ever Cut?
Yes (2005)

GIS dividend raises and cuts

General Mills, Inc. (GIS) has raised its regular dividend 39 times and cut it 1 time across the 173 payments on record since 1983. Its most recent change was a 1.7% increase to $0.610 per share, going ex-dividend on Jul 10, 2025. The last cut went ex-dividend on Apr 7, 2005.

Ex-dateChangeOld → newMove
Jul 10, 2025Raise$0.600 → $0.610+1.7%
Jul 10, 2024Raise$0.590 → $0.600+1.7%
Jul 7, 2023Raise$0.540 → $0.590+9.3%
Jul 7, 2022Raise$0.510 → $0.540+5.9%
Oct 8, 2020Raise$0.490 → $0.510+4.1%
Jul 6, 2017Raise$0.480 → $0.490+2.1%
Jul 7, 2016Raise$0.460 → $0.480+4.3%
Apr 7, 2016Raise$0.440 → $0.460+4.5%
Apr 8, 2015Raise$0.410 → $0.440+7.3%
Apr 8, 2014Raise$0.380 → $0.410+7.9%
Jul 8, 2013Raise$0.330 → $0.380+15.2%
Jul 6, 2012Raise$0.305 → $0.330+8.2%
Show all 40 changes since 1984
Ex-dateChangeOld → newMove
Jul 7, 2011Raise$0.280 → $0.305+8.9%
Jul 8, 2010Raise$0.245 → $0.280+14.3%
Jan 7, 2010Raise$0.235 → $0.245+4.3%
Jul 8, 2009Raise$0.215 → $0.235+9.3%
Jul 8, 2008Raise$0.200 → $0.215+7.5%
Apr 8, 2008Raise$0.195 → $0.200+2.6%
Jul 6, 2007Raise$0.185 → $0.195+5.4%
Jan 8, 2007Raise$0.175 → $0.185+5.7%
Jul 6, 2006Raise$0.170 → $0.175+2.9%
Jan 6, 2006Raise$0.165 → $0.170+3.0%
Oct 5, 2005Raise$0.0825 → $0.165+100.0%
Jul 7, 2005Raise$0.0775 → $0.0825+6.5%
Apr 7, 2005Cut$0.155 → $0.0775−50.0%
Jul 8, 2004Raise$0.138 → $0.155+12.7%
Jan 6, 1999Raise$0.133 → $0.138+3.8%
Apr 8, 1997Raise$0.125 → $0.133+6.0%
Apr 8, 1996Raise$0.118 → $0.125+6.4%
Jul 6, 1995Raise$0.0971 → $0.118+21.0%
Jul 2, 1993Raise$0.0868 → $0.0971+11.9%
Jul 6, 1992Raise$0.0765 → $0.0868+13.5%
Jul 3, 1991Raise$0.0661 → $0.0765+15.6%
Jul 3, 1990Raise$0.0568 → $0.0661+16.4%
Jul 3, 1989Raise$0.0486 → $0.0568+17.0%
Jul 1, 1988Raise$0.0413 → $0.0486+17.5%
Jul 6, 1987Raise$0.0331 → $0.0413+25.0%
Oct 6, 1986Raise$0.0300 → $0.0331+10.3%
Apr 4, 1986Raise$0.0289 → $0.0300+3.6%
Jul 3, 1984Raise$0.0263 → $0.0289+9.8%
Every GIS payment →Download every raise and cut (CSV)
GIS ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →GIS dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is GIS a good dividend stock?

Yes. General Mills, Inc. (GIS) pays a quarterly dividend yielding 7.24% ($2.44/yr), with 6 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is GIS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GIS's fair value is about $48.03 versus a $33.70 share price — so it looks undervalued (+43% vs. fair value).

Is GIS's dividend safe?

GIS has a dividend-safety grade of B (75/100), based on its payout coverage, free-cash-flow, 6-year growth streak, a dividend cut in 2005, debt and yield-versus-history.

What is GIS's fair value?

Our blended fair-value estimate for GIS is about $48.03 per share, roughly 43% above the current $33.70 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GIS a buy, hold, or sell?

We don't issue formal ratings, but on the data GIS screens as "yes" and undervalued. General Mills, Inc. (GIS) pays a quarterly dividend yielding 7.24% ($2.44/yr), with 6 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will GIS cut its dividend?

GIS earns a dividend-safety grade of B (75/100), and has cut its dividend before (last in 2005). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GIS pay a dividend?

Yes. General Mills, Inc. pays a quarterly dividend of about $2.44 per share annually, a forward yield of roughly 7.24%.

What is GIS's dividend yield?

As of Oct 27, 2026, GIS's forward dividend yield is 7.24%, based on a $2.44 annual dividend and a $33.70 share price.

What is GIS's dividend per share?

As of Oct 27, 2026, GIS pays $2.44 per share per year, distributed on a quarterly basis.

What is GIS's dividend payout ratio?

As of Oct 27, 2026, GIS's payout ratio is 59% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has GIS grown its dividend?

As of Oct 27, 2026, GIS has increased its dividend for 6 consecutive years.

When is the next GIS ex-dividend date?

As of Oct 27, 2026, GIS's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.61 per share.

Income Calculator

At $2.44 / yr per share

Per payment (quarterly)$61.00
Annual$244.00
Monthly avg$20.33

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