General Mills, Inc.
GISConsumer Defensive · Stock · quarterly payer
Forward Yield
6.43%
Annual Dividend
$2.44
Payout Ratio
59%
5-Yr Growth
4.1%
Ex-Date
Jul 10, 2026
Frequency
Quarterly
Summary
As of July 2026, General Mills, Inc. (GIS) yields 6.43% ($2.44 per share annually), with a blended fair-value estimate of $55.52 — +46% upside, so it screens as undervalued. Dividend safety grade: A (80/100). 6 years of dividend growth.
Is GIS a good dividend stock?
YesGeneral Mills, Inc. (GIS) pays a quarterly dividend yielding 6.43% ($2.44/yr), with 6 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (59%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2005
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.43%
- Payout Ratio
- 59%
- Annual Dividend
- $2.44
- 5-Yr Avg Growth
- 4.1%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- -0.05
- Market Cap
- $20.1B
- P/E Ratio
- —
- 5-Yr Total Return
- -34%
- 52-Week Range
- $31.75 – $51.68
- Dividend Safety
- A · 80/100
- Ever Cut?
- Yes (2005)
Frequently Asked Questions
GIS Price — Last 12 Months
Daily close
Price Return
1 Year
-23%
3 Years
-44%
5 Years
-34%
52-Week Range
$31.75 – $51.68
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GIS worth?
Undervaluedmedium confidenceOur blended fair-value estimate for General Mills, Inc. is $55.52 per share, versus a market price of $37.97. That implies 46% of upside — a margin of safety of about 32%.
Fair Value
$55.52
Current Price
$37.97
Upside
+46%
Margin of Safety
32%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 4.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 4.2% stage-1 growth, 2.5% terminal growth, -$0.16 EPS, $2.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GIS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.6100 | regular |
| Apr 10, 2026 | — | $0.6100 | regular |
| Jan 9, 2026 | — | $0.6100 | regular |
| Oct 10, 2025 | — | $0.6100 | regular |
| Jul 10, 2025 | — | $0.6100 | regular |
| Apr 10, 2025 | — | $0.6000 | regular |
| Jan 10, 2025 | — | $0.6000 | regular |
| Oct 10, 2024 | — | $0.6000 | regular |
| Jul 10, 2024 | — | $0.6000 | regular |
| Apr 9, 2024 | — | $0.5900 | regular |
| Jan 9, 2024 | — | $0.5900 | regular |
| Oct 6, 2023 | — | $0.5900 | regular |
| Jul 7, 2023 | — | $0.5900 | regular |
| Apr 6, 2023 | — | $0.5400 | regular |
Income Calculator
At $2.44 / yr per share
