General Mills Declares Quarterly Dividend of $0.61 Per Share.

General Mills Declares Quarterly Dividend of $0.61 Per Share.

Minneapolis, June 19, 2025 – General Mills, Inc. (NYSE: GIS) has announced a quarterly dividend of $0.61 per share for the period ending May 25, 2025. This represents a continuation of the company's commitment to shareholder returns and follows its recent financial results for the fourth quarter and full year ended May 25, 2025 [1].

In its latest earnings report, General Mills reported a decline in net sales for the fourth quarter and fiscal year 2025. Net sales were down 3% to $4.6 billion and $19.5 billion, respectively, primarily due to lower pound volume and unfavorable net price realization and mix. Organic net sales also decreased by 3% and 2%, respectively, with a 2-point headwind from unfavorable trade expense timing [1].

Despite the sales decline, General Mills remained focused on driving long-term growth through its Accelerate strategy, which includes bold brand building, relentless innovation, unleashing scale, and standing for good. The company aims to restore volume-driven organic sales growth in fiscal 2026 by investing further in consumer value, product news, innovation, and brand building, guided by its remarkable experience framework [1].

The company's adjusted diluted EPS for the fourth quarter and full year 2025 were $0.74 and $4.21, respectively, down 27% and 7% in constant currency. The decline in EPS was primarily driven by lower adjusted operating profit, higher net interest expense, and unfavorable net price realization and mix [1].

General Mills' North America Retail segment experienced a 10% decline in net sales for the fourth quarter, driven by lower pound volume and unfavorable net price realization and mix. However, the segment held or gained pound share in 64% of its top 10 U.S. categories, indicating strong brand performance [1].

In contrast, the North America Pet segment saw a 12% increase in net sales for the fourth quarter, driven by the North American Whitebridge Pet Brands acquisition and an increase in retailer inventory ahead of first-quarter customer activations. Organic net sales were up 3%, outpacing all-channel retail sales results by approximately 3 points [1].

General Mills' dividend payout ratio for the quarter was approximately 37%, indicating a balance between maintaining dividends and reinvesting in growth initiatives. The company's dividend history demonstrates a consistent commitment to shareholder returns, with a focus on long-term value creation.

References:
[1] https://www.businesswire.com/news/home/20250624918444/en/General-Mills-Reports-Fiscal-2025-Fourth-quarter-and-Full-year-Results-and-Provides-Fiscal-2026-Outlook