General Mills is a major international food corporation that has been around for over 150 years. As a major producer of cereals, snacks, baking mixes and more, the company is a leader in the food industry. Additionally, General Mills is also a dividend-paying stock, making it an attractive investment for those who are looking to supplement their income or build a retirement fund. In this article, we'll explore the dividend history of General Mills, and why it is an attractive option for investors.
General Mills' Dividend History
General Mills has been paying dividends since the early 1900s. The company has increased its dividend every year since 1959 and has a record of paying more than its original dividend amount since then. It has also increased its dividend payout ratio over the years, allowing shareholders to receive more of their dividends in cash. In 2021, General Mills paid out a dividend of $2.30 per share, representing a payout ratio of just over 50%.
General Mills has had a long history of dividend growth, with dividend increases occurring every year since 1959. In 2020, the company raised its dividend by 7.7%, and the company plans to continue increasing its dividend in the coming years. This makes General Mills a great option for income investors who are looking for a reliable source of income.
Why General Mills is an Attractive Option for Investors
General Mills is an attractive option for investors for several reasons. Firstly, the company has a long history of dividend growth, with dividend increases occurring every year since 1959. This makes General Mills a reliable source of income for investors. Additionally, the company has a strong balance sheet and a low debt-to-equity ratio, making it a safer investment compared to other stocks.
General Mills also has a strong earnings track record, with the company consistently posting earnings-per-share growth over the past five years. This is a sign that the company is able to generate a consistent profit and is likely to continue to do so in the future. Finally, General Mills has a low price-to-earnings ratio, making it an attractive option for value investors.
Final Thoughts
General Mills is a reliable dividend-paying stock that has a long history of dividend growth. The company has a strong balance sheet and a low debt-to-equity ratio, making it a safer investment compared to other stocks. Additionally, the company has a strong earnings track record and a low price-to-earnings ratio, making it an attractive option for value investors.
If you are looking for a reliable source of income and are willing to invest for the long-term, General Mills is a great option. The company has a long history of dividend growth and is likely to continue to increase its dividends in the coming years. This makes General Mills a great option for income investors who are looking to supplement their income or build a retirement fund.