GIS - How To Earn $500 A Month From General Mills Stock After Earnings Beat | Benzinga
General Mills Inc (NYSE: GIS) reported better-than-expected earnings for its first quarter.
The company reported first-quarter FY24 sales growth of 4% year-on-year to $4.90 billion, beating the analyst consensus of $4.88 billion. Adjusted EPS of $1.09 topped the consensus of $1.08.
General Mills reaffirmed its FY24 organic sales growth outlook of 3%-4%. The company expects FY24 adjusted EPS to grow 4%-6% in constant currency.
With General Mills reporting upbeat results, some investors may be eyeing potential gains from the company’s dividends. As of now, General Mills has a dividend yield of 3.57%, which is a quarterly dividend amount of $0.59 a share ($2.36 a year).
To figure out how to earn $500 monthly from General Mills dividends, we start with the yearly target of ...