Focused On Dividends — GIS —General Mills To Increase Dividend By 9 Percent — June 28, 2023

Locator: 44824DIV.  

Apparently stagflation, stay-flation, inflation, the recession, or whatever one wants to call it, didn’t hurt the cereal company. Oh, wait.

Quarterly dividend to be increased from 54 cents to 59 cents.

If your sole income was from GIS dividends, you just got an annualized 9% raise, regardless of what the current GIS dividend return is, if that makes sense.

Coincidentally, the same thing seems to have hit sales of potato chips based on recent sales prices at Target. The retailer cut prices for brand name potato chips by 50% going into July 4th weekend. I haven’t bought chips in months; yesterday I stocked up but their shelf life, unfortunately, is short. Oil doesn’t age well.