GIS - Is General Mills Stock a Buy After Its 9% Dividend Boost?
2023-06-30 10:23:00 ET
Many dividend payers talk the talk when it comes to valuing shareholders. But not as many companies prove their commitment with steadily growing dividends paid to shareholders.
Minnesota-based consumer staples giant General Mills (NYSE: GIS) arguably talks the talk and walks the walk in creating value for shareholders. The company just announced that its quarterly dividend per share payment of $0.59, payable on Aug. 1 to shareholders of record as of July 10, would be 9.3% higher than its previous dividend.
Such an emphatic increase in its payout brings the following question to mind: Should income investors buy General Mills' stock? Let's examine the company's fundamentals and valuation to reach a conclusion.
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Is General Mills Stock a Buy After Its 9% Dividend Boost?