Tuesday, June 26, 2012
Dividend Increase: GIS
General Mills (GIS) is increasing its quarterly dividend by 8.2%, from $0.305 to $0.33 per share, putting the company on track for its 9th consecutive year of dividend growth. Given that I own 70 shares of GIS, my quarterly dividend increases from $21.35 to $23.10, which will add an extra $7.00 to my annual dividend income. This dividend increase also boosts my yield on cost to 3.36%. Thus far this year, there have been dividend increases for 16 of the 22 dividend growth stocks in my portfolio.